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.

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.Most Read from BloombergProgressive Portland Plots a ComebackWhy American Mobility Ground to a HaltSpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in MaySaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterCutting Arena Subsidies Can Help Cover Tax Cuts,

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.

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.

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.