NextDecade, Harmony complete merger
US LNG export player, NextDecade completed the business combination with Harmony Merger Corp., forming NextDecade Corporation.
The new company’s common stock will now trade on the NASDAQ stock exchange, the joint statement reads.
“As a public company, NextDecade will be able to better serve its stakeholders and realise its goal of providing competitively-priced LNG to the global marketplace,” Kathleen Eisbrenner, NextDecade’s CEO, said, commenting on the merger.
Eric Rosenfeld, formerly CEO of Harmony and now a member of NextDecade’s board of directors, added, “The LNG industry is in the midst of a global transformation and the United States is at the forefront of this changing industry.”
He added that the joint company can take advantage of this movement.
NextDecade noted its primary project, the 27 mtpa Rio Grande LNG export facility in South Texas, has made a significant commercial, engineering, environmental and regulatory progress.
The company currently anticipates receiving full authorization from all relevant permitting agencies in 2018, laying the groundwork for a final investment decision that same year.