Cheniere signed 15-year gas supply deals with EOG Resources, in which some of the gas is tied to Asian spot LNG prices. The deals indicate that upstream U.S. gas producers have an increased willingness to take on LNG price risk. Unique business model Petronet LNG Ltd. INDIA signed a memorandum of understanding (MOU) with Tellurian Inc. wherein Petronet and its affiliates intend to negotiate the purchase of up to 5 MMmt/year of LNG from Driftwood LNG, as stated in a Sept. 21 press release. The two companies are expected to finalize the transaction agreements by March 31, 2020. The total investment in Driftwood would be $2.5 billion. That is part of the basically 8 MMmt/year that Tellurian has sold out of the 12 MMmt/year of LNG the company would like to sell before beginning construction of Phase 1 of the 26.6-MMmt/year project total.