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Key Developments at the Asia Helium Conference 2024

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.

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