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.
