Mild-mannered accountant Shaun Scott was instrumental more than a decade ago in turning an unknown coal seam gas explorer called Arrow Energy into a major business that was ultimately sold to Shell and Petro China for $3.5bn in 2010.
Innovation News Network Innovation News Network delves into the causes and impacts of “Helium Shortage 4.0,” which has affected the global helium market since early 2022. The shortage stems from several factors, including delays in Gazprom’s Amur project due to fires and explosions, extended outages of the U.S. Bureau of Land Management’s purification unit, and reduced production from key suppliers in Qatar and Algeria. The shortage has led to supply allocations and significant price increases for helium users. The war in Ukraine and sanctions on Russia further complicate the situation, with potential delays in resuming full production at Amur. This scenario underscores the need for new and diversified helium sources. For Noble Helium, the ongoing supply constraints highlight the strategic importance of our Tanzanian projects. By advancing sustainable helium production, Noble can contribute to mitigating future shortages and stabilising the market.
Published by: The Australian Business Review Some analysts forecast the global market size will grow from $4.45 billion in 2022 to $6.48 billion by 2027.
A decade ago, helium was more synonymous with party balloons and squeaky voice pranks than any serious industrial applications.
Impact of Ukraine conflict on trade, economies and world is widespread.
Global energy market vulnerabilities amplified by reliance on Russian fossil-fuel imports.
Phil Kornbluth joined the team for a conversation around all things helium.
Explosion indicates helium production remains offline for at least 6 months
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