Linde Funds Total Helium's Pipeline Expansion Plan at Pinta South
- AKAP
- Sep 15, 2023
- 1 min read
Linde has committed to fund the pipeline expansion on Total Helium's Pinta South Helium Field and to purchase all helium from the first 10 wells. With Linde’s funding, two-six-mile pipelines have been constructed connecting 7 additional wells to the processing facility. The established and experienced operating team enables Total Helium to rapidly develop the project without additional staffing costs, which is favourable for a junior explorer. Total has previously disclosed that its selling price to Linde was US$500/mcf in its May 2023 presentation and its original agreement was to sell at US$212/mcf to Linde.