The demand destruction seen in the industry in the spike of 2011-13, where people sought alternatives to helium (of which there are few and for only limited applications), may have left the rump of demand more inelastic to price movements. Tightening in the helium market is expected to be prolonged, driven by lower than expected global output and potential supply deferments, especially if the mega projects in Qatar and particularly Russia (Amur) are delayed. New (medium and long term) supply is largely as a by-product of planned oil and gas mega projects that are high capex and are often delayed and can be subject to geopolitical influences.
The final public auction of helium from the strategic reserve (held in the Cliffside field, operated by the Bureau of Land Management, BLM) was held in August 2018 with final deliveries to purchasers expected in 2021. The era of supply being underwritten by the drawdown of US strategic reserves is nearly over and replacing this supply will be difficult.įew significant projects will come online in the next three to four years, putting increased stress on the market as the depletion of stocks held in the US strategic reserve finally ends. Government from its National Helium Reserve.
Demand continuing to grow despite commodity price increases.Ī global helium shortage exists despite continued liquidation of inventories by the U.S.
Global supply for helium is declining while demand surges.
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