In gasworld’s latest webinar, Helium: Markets Reimagined, Part 1, helium expert and President of Kornbluth Helium Consulting, Phil Kornbluth, joined the team for a conversation around all things helium including the potential for increased market volatility during the current Russia/Ukraine conflict.
With recurring shortages of helium over the past 16 years, 2022 was set to be a year of transition to more plentiful supply with operations having begun at Gazprom’s Amur facility in Eastern Siberia. A fire at the facility in September 2021, followed by an explosion and subsequent fire on 1st January of this year created uncertainty over short-term helium supply.
Prior to ‘Helium Shortage 4.0’ long-term expectations of Russia’s helium market were set to hit new highs, with its production anticipated to jump from just 3% in 2021 to 26% by 2025.
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