HOUSTON, Texas, USA (October 23, 2018) — NextDecade Corporation (“NextDecade”) (NASDAQ: NEXT) announced today that it has appointed Erik Ludtke as Chief Commercial Officer effective November 1, 2018. In this role, Mr. Ludtke will be responsible for developing and managing the natural gas supply portfolio, the midstream assets, and the commercial operations required to provide NextDecade’s customers with reliable liquefied natural gas (“LNG”) from NextDecade’s Rio Grande LNG and Galveston Bay LNG projects. Mr. Ludtke will report to Matt Schatzman, NextDecade’s President and Chief Executive Officer.
“Erik brings considerable expertise and a proven track record to our management team and will further strengthen NextDecade’s ability to deliver creative solutions to our LNG customers and natural gas suppliers,” said Mr. Schatzman. “He joins us at an exciting time as we build momentum at our Rio Grande LNG project, supported by our optimal gas supply location in South Texas, our competitive EPC process, the recent issuance of our draft environmental impact statement by FERC, and commercial progress with LNG customers.”
“I am thrilled to join the talented and experienced NextDecade team and believe the company has excellent prospects for success,” said Mr. Ludtke. “I look forward to helping NextDecade leverage the significant competitive advantages of its Rio Grande LNG project, including proximity to the Permian Basin and Eagle Ford Shale, which affords LNG customers access to abundant natural gas resources and offers producers a valuable outlet to global LNG markets.”
Mr. Ludtke has nearly 25 years of experience in the energy industry. Prior to joining NextDecade, Mr. Ludtke led commercial and business development activities at NorthStar Midstream, a portfolio company of Oaktree Capital. From 2006 until 2011, Mr. Ludtke led Apache Corporation’s oil and gas marketing and trading group in the U.S. and Latin America. Prior to 2006, Mr. Ludtke spent six years with Duke Energy, including three years as President of the company’s South America (Southern Cone) business unit and he worked at BG Group where he managed projects and regional business units, including assignments and leadership roles in Argentina, India, Israel, and the United Kingdom. Mr. Ludtke holds an economics degree from Texas A&M University and completed executive development course work at The Wharton School of the University of Pennsylvania.
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