By Stuart Radnedge2013-09-26T22:13:00+01:00
The helium crisis which threatened to possibly shut down the BLM pipeline, throwing the market in turmoil, has been averted after the House of Representatives unanimously backed measures that will reauthorise the Federal Helium Program.
It was announced last night that the House of Representatives passed the resolution that would suspend their procedural rules and adopt the Senate version of the legislation to reauthorise the Federal Helium Program. The vote was unanimously in favour at 367 - 0.
This elimates the need for a conference committee as now the House and Senete have backed the Bill, all that is left is for it to travel to the Whitehouse for President Obama’s signature.
gasworld understands the BLM program will continue on under the current allocation process for another year.
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Seen as the next step in taking the helium market toward stability, Air Liquide has recently started up the world’s largest helium purification and liquefaction unit, Qatar II.
With the news that the US House of Representatives has unanimously backed measures that will re-authorise the Federal Helium Program, it seems that a ‘soft landing’ has been achieved in the face of potentially severe impacts for industry and end-users alike.
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