Helium Market Outlook: Balancing New Demand-Supply Dynamics

In a gasworld helium webinar, the current state and future outlook of the helium market was discussed. According to the speaker, the "Shortage 4.0" ended as of early 2024, following an increase in supply largely due to Gazprom’s Amur project starting in Sep'23. Looking ahead, significant attention is focused on Gazprom's production capabilities and the upcoming QatarEnergy's project, Qatar 4, expected to start by 2027, potentially increasing global helium supply by 50%. The semiconductor and aerospace sectors are seen as the only areas of growth, whereas demand for MRI applications is declining. We disagree here as there are several potential high demand and high growth sectors emerging such as quantum technology, airships and drones. Additionally, the market dynamics are shifting as smaller gas companies begin sourcing directly, bypassing costly middlemen. The EU's sanctions on Russian helium imports further complicate the landscape, pushing Russia to seek new markets.

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