US President Donald Trump's administration said on Friday it has granted a liquefied natural gas export license to the Commonwealth LNG project in Louisiana, the first approval of LNG exports after former President Joe Biden paused them early last year. The exports are approved to go to markets in Asia and Europe.

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

The president continues to press his effort to remake global trade to address what he says is a system that is tilted against the US.

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

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.