Key Developments at the Asia Helium Conference 2024
- AKAP
- Jun 10, 2024
- 2 min read
The 2024 Asia Helium Conference highlighted advancements in the helium industry, including Gazprom's Amur project commencing its second production train and aiming to contribute an additional 1-1.4bcf/y of helium by 2025. China has ramped up its production capabilities, primarily to satisfy domestic demand and it is also now capable of producing ~100 liquid helium containers annually. Efficient logistics between Amur and Asia have improved, reducing costs and increasing asset utilisation with 7-8 round trips annually. Additionally, with Asia accounting for 79% of the global helium use in the semiconductor sector, there is a focus on developing storage solutions to secure supply and a cautious market approach in anticipation of better contract terms.