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According to a statement by NextDecade, Wahl is leaving the firm to join a “digital infrastructure company”, and he has agreed to serve in a consultant capacity through December 31, 2025, to facilitate a seamless transition.
The company will initiate a comprehensive search process to find a permanent successor, it said.
“I want to thank Brent for the significant impact he has made at NextDecade,” said Matt Schatzman, chairman and CEO of NexDecade.
“As CFO of NextDecade, Brent and his team led one of the largest energy infrastructure financings in US history, and I’m sure this experience will serve him well in his next chapter,” Schatzman said.
Train 5 FID
NextDecade also said in the statement that it continues to expect to achieve a positive final investment decision on Train 5 and related infrastructure at Rio Grande LNG, subject to obtaining adequate financing, on or before November 15, 2025.
Last month, NextDecade made a final investment decision on the fourth train at its Rio Grande LNG facility worth $6.7 billion.
The firm closed financial transactions to fully fund Train 4 and related infrastructure, and issued a full notice to proceed to Bechtel for the unit.
In June, NextDecade and Bechtel finalized EPC contracts worth $9.09 billion for the construction of the fourth and fifth trains and related infrastructure at the Rio Grande LNG facility.
Train 4 will bring the total expected LNG production capacity under construction at Rio Grande LNG to approximately 24 mtpa.
In addition to these five trains, NextDecade announced plans in March to build up to five more trains at the Rio Grande LNG facility.
NextDecade said it is developing and beginning the permitting process for Trains 6 through 8.
The LNG terminal operator expects these trains to increase its total liquefaction capacity by approximately 18 mtpa once constructed and placed into operation.