NextDecade Mourns the Loss of Founder and Chairman Kathleen M. Eisbrenner

HOUSTON–(BUSINESS WIRE)–NextDecade Corporation (NextDecade) (NASDAQ: NEXT) mourns the loss of
Kathleen M. Eisbrenner, 58, Founder and Chairman of the Board of

“It is with great sorrow that we announce the untimely passing of our
friend and colleague,” said Matthew K. Schatzman, President and Chief
Executive Officer of NextDecade. “Kathleen was a true energy industry
pioneer. We at NextDecade are grateful for her foresight and leadership,
without which we would not be where we are today.”

“We extend our deepest sympathies to Kathleen’s devoted husband, Ray,
and the Eisbrenner family,” Schatzman continued. “All of us at
NextDecade are fortunate to have known and worked with Kathleen over the
years, and remain firmly committed to the realization of her vision.”

Mrs. Eisbrenner founded NextDecade in 2010 and led the company to its
listing on the Nasdaq Stock Market in July 2017. She served jointly as
Chairman and Chief Executive Officer until February 2018, and remained
as NextDecade’s Chairman of the Board of Directors until her death.

Mrs. Eisbrenner enjoyed a remarkable career, and was widely viewed as
one of the foremost female executives in the global LNG industry. She
was formerly Executive Vice President at Royal Dutch Shell, where she
was responsible for the management of the company’s global LNG portfolio
and LNG trading business.

Prior to Shell, Mrs. Eisbrenner was the founder and Chief Executive
Officer of Excelerate Energy, focused on developing the Floating Storage
Regasification Unit (FSRU) vessel and industry. She also held various
senior management positions at El Paso Energy.

Mrs. Eisbrenner was an Independent Director of EXMAR and a member of the
American Bureau of Shipping, JERA’s Fuel Business Expert Advisory Board,
and Junior Achievement of Southeast Texas. She was also a former member
of the Board of Directors of Chesapeake Energy and the National
Petroleum Council. Mrs. Eisbrenner was a proud graduate of the
University of Notre Dame, where she earned a Bachelor of Science degree
in Civil Engineering in 1982.

About NextDecade Corporation

NextDecade is a liquified natural gas (LNG) development company focused
on LNG export projects and associated pipelines in Texas. NextDecade
intends to develop the largest LNG export solution linking Permian Basin
associated gas to the global LNG market, creating value for producers,
customers, and stockholders. Its portfolio of LNG projects includes 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 area to Rio Grande LNG. NextDecade’s common stock is listed on the
Nasdaq Stock Market under the symbol “NEXT.” NextDecade is headquartered
in Houston, Texas. For more information, visit


This press release contains forward-looking statements within the
meaning of U.S. federal securities laws. The words “anticipate,”
“believe,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,”
“potential,” “project,” “should,” “will” and similar expressions are
intended to identify forward-looking statements, and these statements
may relate to the business of NextDecade and its subsidiaries. These
statements have been based on NextDecade’s current assumptions,
expectations, and projections about future events and 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; its ability to secure
additional debt and equity financing in the future to complete its
contemplated projects; the accuracy of the estimated costs for the
projects; governmental approval of construction and operation of the
projects; the successful completion of the projects by third-party
contractors; its ability to generate cash; the development risks,
operational hazards, regulatory approvals applicable to the projects’
construction and operations activities; its anticipated competitive
advantage; the global demand for and price of natural gas (versus the
price of imported LNG); the availability of LNG vessels worldwide;
legislation and regulations relating to the LNG industry; negotiations
for the project site lease and right-of-way options for the pipeline
route; compliance with environmental laws and regulations; the result of
future financing efforts and applications for customary tax incentives;
and other matters discussed in the “Risk Factors” section of
NextDecade’s Annual Report on Form 10-K for the year ended December 31,
2018 and other subsequent reports filed with the Securities and Exchange
Commission, all of which are incorporated herein by reference.

Additionally, any development of the 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. The forward-looking statements in this
press release speak as of the date of this release. Although NextDecade
believes that the expectations reflected in these forward-looking
statements are reasonable, it can give no assurance that the
expectations will prove to be correct. NextDecade may from time
to time voluntarily update its prior forward-looking statements,
however, it disclaims any commitment to do so except as required by
securities laws.


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