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Equatorial Guinea May Decide on $2.2 Billion LNG Plant in 2012

Equatorial Guinea may decide to build a $2.2 billion liquefied natural gas plant in 2012, according to Gabriel Obiang Lima, a vice minister of mines, industry and energy.

The unit would be the second in the African country, which has more than 8.5 trillion cubic feet of natural-gas reserves. The investment estimate includes spending on pipeline infrastructure and hubs, Lima said in an interview in Cape Town.

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