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Russia Expands Helium Production Bringing Irkutsk Plant Online

Russia is ramping up its helium production with the opening of a new plant in the Irkutsk region, aiming to alleviate domestic shortages and potentially become a significant global helium supplier. The newly operational plant is planned to become one of the largest in Russia producing ~250mmcf/y, and additional plants are being established in other regions. With rising demand for helium in various industries, including medicine and technology, the move is expected to stabilise helium prices and reduce dependency on imports. Gazprom's Amur Gas Processing Plant, set to become a major player in the global helium market, is also under construction.

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