Gasworld can reveal that Russia could soon emerge as a key player in the rapidly depleting helium market after plans were unveiled to annually produce up to 220mcm of the gas from 2018.
Speaking exclusively at the historic gasworld South East Asia conference, in Singapore. Gazprom’s Nikita Pozdnyakov made an announcement that could answer the world’s helium shortage.
The international issues surrounding helium shortages, which continue to affect businesses around the globe, could soon be a forgotten memory after a spokesman from a Russian company highlighted plans to fill the void left by the US’s plans to sell-off all of the country’s reserves to repay a $1.3 billion debt to the US Treasurey – which has been ordered by US law.
The current sales structure distorts the private helium market and is creating uncertainty for industrial, feral, medical and scientific users of the gas.
... to continue reading you must be subscribed
