President Donald Trump on Friday signed an executive order formally creating a National Energy Dominance Council and directed it to move quickly to drive up already record-setting domestic oil and gas production.

President Donald Trump's administration said on Friday it has granted a license to export liquefied natural gas for Commonwealth LNG in Louisiana, the first approval of exports of the resource after former President Joe Biden paused them early last year.

President Donald Trump said Friday that Japan would soon begin importing record amounts of liquefied natural gas from Alaska. But plans for the $44 billion Alaska LNG project — the lone LNG export project in the state — don’t call for exports of gas until 2031. And that’s if the project can be built at all.

The meeting between US president Donald Trump and Prime Minister Narendra Modi, which is expected to boost cargoes of US oil and gas by up to 67 per cent, broadens avenues for importing liquefied natural gas (LNG).

The Trump administration granted its first approval for a project to export liquefied natural gas as the administration seeks to make good on a pledge to unleash a torrent of fuel shipments.

Energy Secretary Chris Wright issued the Trump administration’s first export authorization for a liquefied natural gas (LNG) project Friday, part of a broader push to promote fossil fuel development and reverse the Biden administration’s promotion of renewables.