Feb 13 (Reuters) - Pembina Pipeline Corp:

* Announces moving forward with $250 million phase 2 crude oil and condensate

pipeline expansion

* Says secured required contracts to underpin 55,000 barrel per day capacity

expansion to its peace pipeline

* Says expects the total cost of phase 2 lvp expansion to be approximately $250

million

* Says anticipates being able to bring the expansion into service by late-2014.

* Phase 1 lvp expansion will expand crude oil and condensate capacity on by an

additional 40,000 bpd to reach 195,000 bpd by October 2013

* Says once complete, this expansion will increase capacity on the peace

pipeline to 250,000 bpd

* Source text

* Further company coverage

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