Russia has significantly increased its helium production in 2023. Test runs of a new plant in the Yaraktin oil and gas condensate field have contributed to a +16.8% y/y increase in helium production in H1'23. The main driver of future helium production is expected to come from Gazprom's gas processing plant in the Amur Region, which aims to produce 2.1 bcf/y of helium but given current sanction on Russia we do not expect this to restart anytime soon.
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See AllAscent Resources announced that it expects sales of gaseous helium to begin shortly. In April, the London-based oil and gas exploration company raise US$1.7mm and invested in the holding company GNG P
In an interview with Proactive Investors, Helix Exploration CEO Bo Sears discussed the critical role of helium in modern technology. Sears highlighted its extensive use in sectors beyond balloons and
The European Union has, for the first time, directly targeted Russia's gas sector by proposing sanctions on Russian LNG. Along with LNG, the package includes a recommended ban on helium imports — an a
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