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NextDecade promote Schatzman to CEO

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LNG Industry,

NextDecade Corporation has announced that, effective 1 February, 2018, Kathleen M. Eisbrenner will be succeeded as Chief Executive Officer by Matthew K. Schatzman, the company's current President. Ms. Eisbrenner, who founded NextDecade in 2010, will remain Chairman of NextDecade's Board of Directors.

The announcement implements the plan agreed by Ms. Eisbrenner and the Board in 2017 that Mr. Schatzman is the ideal person to serve as NextDecade's President and CEO and lead the company and its major development projects, Rio Grande LNG and Rio Bravo Pipeline.

"I am proud of our achievements and the tremendous growth and development of our company since its inception in 2010," said Ms. Eisbrenner. "We have assembled a world-class management team to commercialize our market-leading US LNG project and, after more than seven thrilling years as CEO, it is a perfect time to pass the baton to Matt's capable hands to lead NextDecade through its next phase of development. He is a deeply respected leader within our organisation and throughout the global energy industry and, as Chairman, I look forward to supporting him as we work to realise our vision of providing highly competitive LNG to customers around the world."

"It is a privilege to succeed Kathleen as CEO of NextDecade," said Mr. Schatzman. "Her leadership has benefitted our employees and stockholders. On behalf of them all, I thank Kathleen for her commitment and vision that have positioned us as a leader in the next wave of US LNG projects. I am honored to lead NextDecade as we focus on the successful development of our Rio Grande LNG and Rio Bravo Pipeline projects which will enable natural gas produced in Texas to meet growing global LNG demand."

Mr. Schatzman has nearly 30 years' experience in the energy industry. He was previously Executive Vice President, Global Energy Marketing and Shipping, and a member of the Group Executive Committee at BG Group. At BG, Mr. Schatzman was responsible for the company's global marketing, trading, and shipping activities for LNG, crude oil, and natural gas. During his tenure, Mr. Schatzman played a pivotal role in the success and growth of BG's LNG business, transforming it from a US market-focused business into a global leader in flexible LNG supply and trading.

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