Dec 15, 2013 LNG terminal at Paradip MOU is signed with GAIL India Ltd to construct an LNG terminal with floating storage and regasification facilities. In Phase-I, GAIL will set up 4 MTPA capacity and a storage capacity of 170,000 cubic metre. This will be doubled in second phase. PPT will spend for construction of breakwater and dredging works. The project is likely to commission by 2017.