NextDecade Appoints Key Marketing Personnel, Opens Offices in Singapore and Beijing
Actions Reinforce NextDecade’s Commitment to World’s Largest and Fastest Growing LNG Markets
THE WOODLANDS, Texas, USA (April 16, 2018) — NextDecade Corporation (“NextDecade” or the “Company”) (NASDAQ: NEXT) announced today that, effective April 23, 2018, James MacTaggart will join the Company as Senior Vice President, LNG Marketing – Asia. In addition, NextDecade has opened offices in Singapore and Beijing to serve customers throughout Asia.
“The appointment of James and the opening of these offices reinforce our commitment to serving the world’s largest and fastest growing LNG markets,” said Matt Schatzman, NextDecade President & Chief Executive Officer. “We believe focusing on these markets is key to achieving a successful Final Investment Decision on our Rio Grande LNG project.”
MacTaggart has served more than 20 years with Shell in various marketing and trading positions. “I am honored to join the seasoned and highly capable team at NextDecade,” said MacTaggart, who is based in, and will lead, NextDecade’s Singapore office. “I am eager to bring to NextDecade’s prospective customers the significant competitive advantages of the Rio Grande LNG project, including its market-leading EPC costs and its proximity to abundant, low-cost natural gas resources in the Permian Basin and Eagle Ford Shale.”
Before joining NextDecade, MacTaggart was General Manager of Shell’s New Gas and LNG Markets business in Asia, India, and the Middle East. During his time at Shell, MacTaggart originated, negotiated, and executed a significant number of deals in the upstream, gas and power, and LNG trading businesses. These activities included working to set up Shell Energy India, negotiating LNG sales contracts for the Sakhalin 2 LNG project, and selling some of the first LNG cargoes into the Middle East.
MacTaggart completed his undergraduate studies at the School of Oriental and African Studies in London, and holds an M.B.A. with distinction from Cass Business School.
About NextDecade Corporation
NextDecade is an LNG development company focused on LNG export projects and associated pipelines in Texas. NextDecade intends to develop a portfolio of LNG projects, including the 27 mtpa Rio Grande LNG export facility in Brownsville, Texas and the 4.5 Bcf/d Rio Bravo Pipeline that would transport natural gas from the Agua Dulce supply area to Rio Grande LNG. NextDecade’s common stock is listed on the Nasdaq Capital Market under the symbol “NEXT.” NextDecade is headquartered in The Woodlands, Texas. www.next-decade.com
CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of U.S. federal securities laws. The words “believe”, “expect”, “intend”, “plan”, “potential”, and similar expressions are intended to identify forward-looking statements, and these statements may relate to the business of the Company and its subsidiaries. These statements involve a number of known and unknown risks, which may cause actual results to differ materially from expectations expressed or implied in the forward-looking statements. These risks include uncertainties about the Company’s Rio Grande LNG and Rio Bravo pipeline projects and other matters discussed in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2017 and other subsequent reports filed by the Company with the United States Securities and Exchange Commission, all of which are incorporated herein by reference. Any development of such projects remain contingent upon completing required commercial agreements; acquiring all necessary permits and approvals; securing all financing commitments and potential tax incentives; achieving other customary conditions; and making a final investment decision to proceed. The forward-looking statements in this press release speak as of the date of this release. Although the Company may from time to time voluntarily update its prior forward-looking statements, it disclaims any commitment to do so except as required by securities laws.
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