NextDecade Signs MOU with Port of Cork to Develop FSRU and LNG Import Terminal Infrastructure

Parties Commit to Exclusive Collaboration for Delivery of up to 3
Million Tons of LNG per year into the Irish Gas Grid

THE WOODLANDS, Texas–(BUSINESS WIRE)–NextDecade, LLC (“NextDecade”), a liquefied natural gas (“LNG”)
development company focused on LNG export projects in the State of
Texas, announced it has signed a Memorandum of Understanding (“MOU”)
with the Port of Cork Company (“Port of Cork”) to advance a joint
business development opportunity in Ireland for a new Floating Storage
and Regasification Unit (“FSRU”) and associated LNG import terminal
infrastructure.

NextDecade and the Port of Cork are planning a joint public event at the
Port of Cork on August 2, 2017, to highlight the MOU and its potential
benefits for Ireland and its regional partners. NextDecade CEO Kathleen
Eisbrenner and Flex LNG CEO Jonathan Cook will meet with port officials
and discuss the opportunity with local industry and political leaders.

Under the terms of the MOU, the potential development at the Port of
Cork would receive LNG from NextDecade’s planned Rio Grande LNG
(“RGLNG”) project in South Texas. The development would provide
competitively priced energy solutions to Ireland and its regional
partners under long-term contracts. If constructed, the project would
substantially increase and diversify Ireland’s supply of natural gas.

The MOU commits the parties to undertake exclusive negotiations to
develop the LNG import project. A key seaport in the south of Ireland,
the Port of Cork is a sheltered, natural deepwater harbor capable of
handling large liquids and cargo ships of all sizes.

NextDecade’s RGLNG project is optimally located in close proximity to
associated and stranded gas resources in the Permian Basin and Eagle
Ford Shale. RGLNG and its associated Rio Bravo Pipeline, originating in
the Agua Dulce market area, are well-positioned among the second wave of
U.S. LNG projects. NextDecade believes the Port of Cork facility could
support imports of up to 3 mtpa from RGLNG.

In December 2016, NextDecade announced it had signed a Heads of
Agreement with FSRU provider FLEX LNG (Oslo Børs: FLNG) for the joint
development of a full value chain infrastructure solution utilizing FSRU
and dockside regasification import technology. FLEX LNG will be
supporting NextDecade to provide a fully integrated regas import
solution for the proposed LNG terminal at the Port of Cork. NextDecade
is in discussions with European energy companies to enter into long-term
purchase contracts for delivery of LNG at the Port of Cork.
Additionally, NextDecade will manage shipping from its proposed RGLNG
export facility at the Port of Brownsville in South Texas to the Port of
Cork.

On June 29, 2017, Harmony Merger Corp. (NASDAQ: HRMN) (“Harmony”) filed
a definitive proxy statement with the U.S. Securities and Exchange
Commission (“SEC”). The definitive proxy statement provides detailed
information regarding Harmony’s planned merger with NextDecade, which is
subject to approval of Harmony’s stockholders at a special meeting on
July 24, 2017. If approved by Harmony’s stockholders, following
consummation of the merger, NextDecade will be a publicly listed company
(NASDAQ: NEXT).

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About NextDecade, LLC

NextDecade, based in The Woodlands, Texas, is a developer of LNG
projects and associated pipelines in the State of Texas. NextDecade is
focused on providing customers around the world with flexible solutions
for low-cost, reliable LNG across the full value chain. Founded in 2010,
NextDecade has a team of industry leaders with extensive experience in
signing major LNG off-take deals, and developing and managing LNG, FLNG,
and FSRU projects, as well as associated natural gas and electricity
infrastructure around the world. Any development of its projects remains
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. For more information,
please visit www.next-decade.com.

About Harmony Merger Corp.

Harmony Merger Corp. (NASDAQ: HRMN) was incorporated in Delaware on May
21, 2014 as a blank check company whose objective is to acquire, through
a merger, share exchange, asset acquisition, stock purchase,
recapitalization, reorganization or other similar business combination,
one or more businesses or entities. On March 27, 2015, Harmony
consummated its initial public offering (“IPO”) of 11,500,000 units,
each unit consisting of one share of common stock and one warrant to
purchase one common share, and a simultaneous private placement of units
to certain initial stockholders and Cantor Fitzgerald & Co., the
representative of the underwriters in the IPO. Pursuant to a definitive
merger agreement with NextDecade, as well as subsequent proxy materials
filed with the SEC, Harmony expects to consummate a merger with
NextDecade following a stockholder vote scheduled for July 24, 2017. For
more information, please visit www.harmonymergercorp.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 merger transaction. 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 THE FACT THAT THE MOU IS NON-BINDING ON THE PARTIES AND
NEXTDECADE’S DISCUSSIONS WITH THE PORT OF CORK DOES NOT IMPOSE ANY LEGAL
OBLIGATIONS UPON EITHER OF THEM; the ability of NextDecade and the
Port of Cork to obtain necessary legal and regulatory approvals to
establish an FSRU in Ireland; the ability of the parties to enter into
long-term contracts on terms acceptable to the parties or at all to
deliver the LNG at the Port of Cork if the FSRU is established;
uncertainties about NextDecade’s ability to complete the merger with
Harmony; the development of the Rio Grande LNG export project following
completion of the merger; and other matters discussed in the “Risk
Factors” section of Harmony’s Definitive Proxy Statement (the “Proxy
Statement”) related to the proposed merger filed with the Securities and
Exchange Commission (the “SEC”) on June 29, 2017, and any updates
thereto in subsequent reports filed with the SEC. The forward-looking
statements in this press release speak as of the date of this release.
Although NextDecade and/or Harmony may from time to time voluntarily
update prior forward-looking statements, they disclaim any commitment to
do so except as required by securities laws.

IMPORTANT INFORMATION FOR STOCKHOLDERS

This communication does not constitute an offer to buy or sell or the
solicitation of an offer to buy or sell any securities or a solicitation
of any vote or approval. In connection with Harmony’s proposed business
combination, Harmony filed and mailed to stockholders of Harmony the
Proxy Statement on June 29, 2017. HARMONY STOCKHOLDERS ARE URGED TO READ
THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS AND SUPPLEMENTS) AND ANY
OTHER MATERIALS THAT MAY BE FILED WITH THE SEC CAREFULLY AND IN THEIR
ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN
IMPORTANT INFORMATION ABOUT THE PROPOSED BUSINESS COMBINATION.

Harmony stockholders will be able to obtain free copies of these
documents (if and when available) and other documents containing
important information about Harmony and NextDecade, once such documents
are filed with the SEC, through the website maintained by the SEC at http://www.sec.gov.
Copies of the documents filed with the SEC by Harmony will be available
free of charge on Harmony’s internet website at www.harmonymergercorp.com
or by contacting Harmony using the contact information below.

PARTICIPANTS IN SOLICITATION

Harmony and its directors, executive officers and other members of its
management and employees may be deemed to be participants in the
solicitation of proxies from Harmony’s stockholders in connection with
the business combination. Stockholders are urged to carefully read the
definitive proxy statement, and any other related materials that may be
filed with the SEC when they become available, because they will contain
important information. Information regarding the persons who may, under
the rules of the SEC, be deemed participants in the solicitation of
Harmony’s stockholders in connection with the business combination is
set forth in the definitive proxy statement. Information about Harmony’s
executive officers and directors is set forth in the definitive proxy
statement relating to the business combination and stockholders are
encouraged to read any amendments or supplements to the definitive proxy
statement and other related materials filed with the SEC. You can obtain
free copies of these and other documents containing relevant information
at the SEC’s web site at www.sec.gov
or by directing a request to the address or phone number set forth below.

Contacts

INVESTORS
Height for NextDecade
Patrick Hughes,
+ 1 (202) 629 0004
[email protected]
or
Harmony
Merger Corp.
David Sgro, + 1 (212) 319 7676
[email protected]
or
MEDIA
Ward
for NextDecade
Molly LeCronier, +1 (713) 869 0707
[email protected]