As we close out 2019 and look toward 2020, Helium Shortage 3.0 continues to be the primary focal point for gas companies who trade helium or end-users who rely on helium in their businesses.
With Helium Shortage 3.0 dating back to February 2018, the helium supply deficit will be nearly two years old at the start of 2020. However, unlike the last two years, there is finally reason for optimism as we enter 2020.
Kornbluth Helium Consulting believes that the odds favour an easing of the shortage during 2020, as long as two significant new sources that are expected to commence production come to fruition. The expansion of Air Products’ Arzew, Algeria source, could add at least 200 MMCF per year of new capacity as early as Q1 2020, while production from the 425 MMCF per year Qatar 3 Helium Plant is expected to commence sometime in Q3.
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