ExxonMobil and Total plan to double their liquefied natural gas (LNG) production in Papua New Guinea in a $13 billion, five year investment project. That will provide additional competition to suppliers from U.S. facilities that are also ramping up production for export in the next five years. So far the U.S.-facilities have the upper hand, shown by Cheniere’s recent deal with Petrochina. LNG from Papua New Guinea had a market share of just 6% in China in the past 12 months after shipments rose by just 15% vs. 64% from all suppliers. Exxon and Total will need to convince Petrochina an...