Three companies developing liquefied natural gas (LNG) projects in Texas and Louisiana said they will move full speed ahead with their plans after U.S. President Donald Trump lifted the previous administration's freeze on export permits.

On Day 1 of his new administration, President Trump lifted the U.S. moratorium on new liquefied natural gas export licenses and again called for the European Union to buy more U.S. oil and gas to avoid tariffs.

President Donald Trump issued an order on Monday for the U.S. to resume processing export permit applications for new liquefied natural gas (LNG) projects, part of an effort to raise U.S. energy output and dismantle his predecessor's climate policies.