NextDecade Corporation Announces the Promotion of Matthew K. Schatzman to CEO

Implementing succession plan agreed by the Board in 2017

THE WOODLANDS, Texas–(BUSINESS WIRE)–NextDecade Corporation (NASDAQ: NEXT) (“NextDecade” or the “Company”), a
liquefied natural gas (“LNG”) development company focused on LNG export
projects in the State of Texas, announced that, effective February 1,
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.

Today’s 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 U.S. 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 organization and
throughout the global energy industry and, as Chairman, I look forward
to supporting him as we work to realize 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 U.S.
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 U.S.
market-focused business into a global leader in flexible LNG supply and
trading.

About NextDecade Corporation

NextDecade is an LNG development company focused on LNG export projects
and associated pipelines in the State of 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 which would transport natural gas from the Agua Dulce supply
area in Nueces County, Texas 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.

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 NextDecade Corporation and its affiliates. 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 NextDecade’s Rio Grande LNG and Rio Bravo pipeline
projects and other matters discussed in the “Risk Factors” section of
the definitive proxy statement filed by Harmony on June 29, 2017 and
other subsequent reports filed with the Securities and Exchange
Commission (the “SEC”), all of which are incorporated herein by
reference. The forward-looking statements in this press release speak as
of the date of this release. Although NextDecade 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.

Contacts

INVESTORS
NextDecade
atrick Hughes, + 1
832-209-8131
[email protected]
or
MEDIA
Ward
for NextDecade
Molly LeCronier, + 1 713-869-0707
[email protected]