The US Bureau Of Land Management (strategic helium storage), which was expected to supply around 5-10% of global helium demand in 2022, is now expected to be down until April at least. This comes on top of Gazprom's shut-in of the Amur helium plant in Russia for 6 months or more due to plant fires. Therefore, AKap Energy sees considerable tightness in the helium market this year, with end-users having their allocations of helium from the industrial gas companies such as Linde, Air Liquide and Air Products significantly reduced, driving helium prices higher.
US BLM Expected to be Offline until April at least
Updated: Feb 20, 2022
Want to read more?
Subscribe to www.akapenergy.com to keep reading this exclusive post.
Subscribe Now