NextDecade to Make Major Announcement at LNG2019 in Shanghai
March 29 2019 - 8:00AM
Business Wire
NextDecade Corporation (NextDecade) (NASDAQ: NEXT) will make a
major announcement related to its Rio Grande LNG project at LNG2019
in Shanghai, China. The announcement will take place on Tuesday,
April 2, 2019 at 11:00 a.m. China Standard Time (April 1, 2019 at
10:00 p.m. U.S. Central Time) at NextDecade’s booth # 1054 in Hall
One of the Exhibition and Convention Center. A press conference
will immediately follow.
In addition, Matt Schatzman, NextDecade’s President and Chief
Executive Officer, will participate in LNG2019’s Plenary Sessions
Program. Mr. Schatzman will deliver remarks in a session titled
“Business Models for a Competitive LNG Market” on Thursday, April
4, 2019 at 8:30 a.m. China Standard Time.
LNG2019 is presented by the International Gas Union (IGU), of
which NextDecade is a member, in conjunction with several other
international industry organizations. Additional details are
available on the LNG2019 website: https://www.lng2019.com/.
Rio Grande LNG represents one of the largest proposed private
investments in the State of Texas. The project is expected to
create high-quality jobs in the Rio Grande Valley, improve the U.S.
balance of trade, and provide the world access to reliable, cleaner
energy.
NextDecade anticipates making a positive final investment
decision on its Rio Grande LNG project by the end of the third
quarter of 2019.
About NextDecade Corporation
NextDecade is an 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 technology selections are expected to foster
operational reliability and afford NextDecade’s customers access to
reliable, low-cost, abundant natural gas from the Permian Basin,
Eagle Ford Shale, and other basins. 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 www.next-decade.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
“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; securing potential tax incentives; 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 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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version on businesswire.com: https://www.businesswire.com/news/home/20190329005095/en/
For further information:
Investors: Kevin Smith | + 1 (832) 910 8629 |
ksmith@next-decade.comMedia: Dean Ellis | + 1 (832) 426 1872
| dellis@next-decade.com
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