A planned $10bn Qatar Petroleum/Exxon JV will likely be an early beneficiary of a more streamlined licensing process for rights to export LNG from the US.

Golden Pass Products, owned by Qatar Petroleum (QP, 70%) and ExxonMobil (30%), hopes to convert existing LNG import infrastructure at the Golden Pass facility in Texas into an export facility with a capacity of up to 15.6mn tons/year from 2020.

US gas output has soared by a third to 24 tcf (680 bcm) over the past eight years; the US...