The Financial Post reports in its Thursday, April 25, edition that Canada is just a week away from the commercial start of a new pipeline that was initially proposed 12 years ago. The Post's Naimul Karim writes that after billions of dollars' worth of cost revisions and other hurdles the 1,150-kilometre pipeline, owned by the federal government's Trans Mountain Corp., will be operational. Oil is already flowing in some sections, but all shippers will be subject to the new tariff and tolls starting next month. The pipeline connects Alberta and British Columbia with a capacity of 590,000 barrels per day. The long-awaited opening is scheduled for May 1. Some analysts initially expected the Trans Mountain expansion would meet the demands of Canadian oil producers for about five years, but the industry has been pumping more oil in anticipation of better prices due to the new pipeline. Now, industry insiders expect the pipeline to be saturated within two years, so some expect more pipelines will be needed in the future. Tamarack Valley chief executive officer Brian Schmidt, in an interview with Bloomberg, described the new pipeline as a "good stopgap," but that more capacity would be needed to satisfy future growth.