Market Overview

NextDecade Agrees to Sell Convertible Preferred Stock to Funds Managed by BlackRock


NextDecade Corporation ("NextDecade" or the "Company") (NASDAQ:NEXT)
announced today that it has agreed to sell Series B Convertible
Preferred Stock to funds managed by BlackRock.

The investment by funds managed by BlackRock further strengthens
NextDecade's capital position as it continues development of its Rio
Grande LNG terminal facility and associated pipelines in South Texas.
NextDecade is a liquefied natural gas development company focused on LNG
export projects and associated pipelines in Texas, including the Rio
Grande LNG export facility in Brownsville, Texas.

"We are honored to welcome funds managed by BlackRock as equity
investors in our company," said Matt Schatzman, President and Chief
Executive Officer of NextDecade. "BlackRock is a recognized leader in
energy infrastructure development, and brings a world-class perspective
on the major role that LNG plays in large and rapidly growing markets
across the globe."

"NextDecade's Rio Grande LNG project is well positioned to capitalize on
competitive advantages related to its proximity to abundant, associated
natural gas reserves in the Permian Basin and Eagle Ford Shale," said
Pat Eilers, a Managing Director with BlackRock's Infrastructure team.
"Our clients are increasingly interested in the investment opportunities
resulting from the ongoing global energy transition, and we are excited
to invest in one of the leading companies in the second wave of U.S. LNG
development on their behalf."

NextDecade and certain funds managed by BlackRock entered into a Series
B Convertible Preferred Stock Purchase Agreement, which has been
approved by NextDecade's board of directors. The Company will hold a
special meeting of stockholders in September 2018 to consider the
issuance of Series B Convertible Preferred Stock pursuant to the Series
B Stock Purchase Agreement.

About NextDecade Corporation

NextDecade is an LNG development company focused on LNG export projects
and associated pipelines in 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 that
would transport natural gas from the Agua Dulce area 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.

Located at the Port of Brownsville in South Texas, NextDecade's Rio
Grande LNG project is expected to be a leader among second wave U.S. LNG
projects. NextDecade believes its customers and shareholders will
benefit from the project's experienced leadership, proven approach, and
optimal location. 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.

About BlackRock

BlackRock helps investors build better financial futures. As a fiduciary
to our clients, we provide the investment and technology solutions they
need when planning for their most important goals. As of June 30, 2018,
the firm managed approximately $6.3 trillion in assets on behalf of
investors worldwide. For additional information on BlackRock, please
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This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities, in any state or jurisdiction in which such offer,
solicitation or sale of these securities would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.

This press release contains forward-looking statements within the
meaning of U.S. federal securities laws, including, in particular,
statements about the Company's private placement of Series A Convertible
Preferred Stock and Series B Convertible Preferred Stock. 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 the Company and its
subsidiaries. These statements have been based on the Company'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
the Company's Rio Grande LNG and Rio Bravo pipeline projects and other
matters discussed in the "Risk Factors" section of the Company's Annual
Report on Form 10-K for the year ended December 31, 2017 and other
subsequent reports filed with the Securities and Exchange Commission,
all of which are incorporated herein by reference.

Any development of the projects remain 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 the Company
believes that the expectations reflected in these forward-looking
statements are reasonable, the Company can give no assurance that the
expectations will prove to be correct. The Company 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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