Press Release

/Press Release

May 2020

NextDecade Provides Corporate Update, Confirms Capital Resources Sufficient to Sustain Operations Through Year-End 2021

2020-05-18T05:52:47-05:00 May 18th, 2020|Press Release|

HOUSTON (BUSINESS WIRE) -- May 18, 2020 -- NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) today reported its first quarter 2020 results. The Company is also confirming its strong financial position and providing an update on progress made during 2020. NextDecade continues to advance and de-risk its Rio Grande LNG project (RGLNG). 2020 highlights through April include: Received additional [...]

February 2020

NextDecade and Enbridge Sign Definitive Agreement Regarding Rio Bravo Pipeline

2020-02-13T18:48:50-06:00 February 13th, 2020|Press Release|

HOUSTON--(BUSINESS WIRE)--Feb. 13, 2020-- NextDecade Corporation (NextDecade) (NASDAQ: NEXT) and Enbridge Inc. (Enbridge) (TSX: ENB) (NYSE: ENB) announced today that they have entered into a definitive agreement whereby Enbridge will acquire Rio Bravo Pipeline Company, LLC (RBPL) from NextDecade for a cash purchase price not to exceed $25 million, with $15 million paid at closing and the balance paid upon NextDecade’s reaching a positive final investment decision (FID) on its Rio Grande LNG [...]

NextDecade’s Rio Grande LNG Receives Non-FTA Export Authorization from DOE

2020-02-11T10:54:11-06:00 February 11th, 2020|Press Release|

HOUSTON--(BUSINESS WIRE)--Feb. 10, 2020-- NextDecade Corporation (NextDecade) (NASDAQ: NEXT) announced today that the U.S. Department of Energy (DOE) has issued an order granting authorization to export liquefied natural gas (LNG) from its Rio Grande LNG facility to non-free trade agreement (non-FTA) countries. In combination with a free trade agreement (FTA) order previously issued in August 2016, NextDecade is now authorized to export LNG equivalent to 1,318 [...]

November 2019

NextDecade Receives FERC Order for Rio Grande LNG Project

2019-11-21T16:06:50-06:00 November 21st, 2019|Press Release|

HOUSTON--(BUSINESS WIRE)--NextDecade Corporation (NASDAQ: NEXT) announced today that the Federal Energy Regulatory Commission (FERC) has issued an order authorizing the siting, construction and operation of NextDecade’s proposed Rio Grande liquefied natural gas (LNG) export facility in Brownsville, Texas and the associated Rio Bravo Pipeline. “Issuance of the FERC order marks an extremely important milestone for our project,” said Matt [...]

October 2019

NextDecade Announces US$50 Million Investment by Mubadala

2019-10-24T06:46:29-05:00 October 24th, 2019|Press Release|

Mubadala makes investment in leading LNG project developer adding to significant global energy portfolio. HOUSTON and ABU DHABI (October 24, 2019) -- NextDecade Corporation (NextDecade) (NASDAQ: NEXT) and Mubadala Investment Company (Mubadala), the Abu Dhabi-based sovereign investor, announced today that they have reached agreement for Mubadala to purchase US$50 million of NextDecade’s common stock in a private placement. NextDecade will [...]

NextDecade Issues $15 million in Common Stock to Bechtel at $7.08 per share

2019-10-01T15:38:52-05:00 October 1st, 2019|Press Release|

HOUSTON, Oct. 1, 2019 – NextDecade Corporation (NextDecade) (NASDAQ: NEXT) announced today that it has issued $15 million of common stock to an affiliate of Bechtel Oil, Gas and Chemicals (Bechtel). NextDecade issued the common stock to Bechtel at a price of $7.08 per share. In May 2019, NextDecade executed contracts with Bechtel for the engineering, procurement, and construction (EPC) [...]

September 2019

NextDecade and Enbridge Announce Strategic MOU for the Development of Rio Bravo Pipeline for the Rio Grande LNG Project

2019-09-18T06:43:15-05:00 September 18th, 2019|Press Release|

HOUSTON, Sept. 18, 2019 –NextDecade Corporation (NextDecade) (NASDAQ: NEXT) and Enbridge Inc. (Enbridge) (TSX: ENB) (NYSE: ENB) announced today a Memorandum of Understanding (MOU) to jointly pursue the development of the Rio Bravo Pipeline (Rio Bravo) and other natural gas pipelines in South Texas to transport natural gas to NextDecade’s Rio Grande LNG project located in Brownsville, Texas. Rio Bravo [...]

June 2019

Brent Wahl Joins NextDecade as SVP of Finance

2019-06-17T07:03:12-05:00 June 17th, 2019|Press Release|

HOUSTON, Texas, USA (June 17, 2019) -- NextDecade Corporation (NextDecade) (NASDAQ: NEXT) announced today that it has appointed Brent Wahl as Senior Vice President, Finance. In this role, Mr. Wahl will be responsible for leading the financing needs of NextDecade’s Rio Grande LNG project as part of the company’s efforts to provide the largest LNG export solution linking Permian Basin [...]

NextDecade Elects Matthew K. Schatzman as Chairman of the Board of Directors

2019-06-05T15:31:23-05:00 June 5th, 2019|Press Release|

HOUSTON, Texas, USA (June 5, 2019) -- NextDecade Corporation (NextDecade) (NASDAQ: NEXT) announced today that its Board of Directors (Board) has elected Matthew K. Schatzman, NextDecade’s Chief Executive Officer, to serve as Chairman of the Board. Mr. Schatzman assumed his additional duties effective June 4, 2019. Matthew W. Bonanno, who served as Interim Chairman since May 14, 2019, was appointed [...]

May 2019

NextDecade Agrees to Sell Remainder of Series B Convertible Preferred Stock

2019-05-20T07:24:08-05:00 May 20th, 2019|Press Release|

Issuance of approximately $21 million previously authorized by the stockholders HOUSTON, Texas, USA (May 20, 2019) -- NextDecade Corporation (NextDecade) (NASDAQ: NEXT) announced today that it has agreed to sell the remainder of its Series B Convertible Preferred Stock (Series B) to HGC NEXT INV, LLC (HGC) and to funds and accounts managed by each of York Capital Management Global [...]