NextDecade Appoints Key Marketing Personnel, Opens Offices in Singapore and Beijing
April 16 2018 - 8:00AM
Business Wire
Actions Reinforce NextDecade’s Commitment to
World’s Largest and Fastest Growing LNG Markets
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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version on businesswire.com: https://www.businesswire.com/news/home/20180416005335/en/
INVESTORSNextDecadePatrick Hughes, + 1
832-209-8131phughes@next-decade.comorMEDIAWard for
NextDecadeMolly LeCronier, + 1
713-869-0707MLeCronier@wardcc.com
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