The Middle East will have a huge role to play in the worldwide helium market in the next 20 years, according to Spiritus Consulting’s John Raquet.
But that role will be from a supply perspective, and not as a large consumer of the gas that’s in such a precarious supply-demand situation.
Raquet was fielding questions as part of an Executive Panel Session at the Middle East Industrial Gas Conference 2011 in Dubai, United Arab Emirates (UAE).
…for the Middle East it will be more a role as a supplier. The Middle East will be a very big supplier of helium for the worldwide market for the next 20 years – but from a demand point of view it’s going to be relatively low.
John Raquet, Spiritus Consulting
Asked whether he felt the Middle East region would grow its demand for helium in the future, Raquet – with more than 25 years of experience in the gases business and in his position as an independent industrial gas conference – explained, “First of all, the biggest demand for helium worldwide is in magnetic resonance imaging (MRI) applications, not in servicing these but in cooling them down.
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