With the global demand for helium on the rise, industry interest in exploring Alberta’s helium potential is quickly gaining momentum.
In response to such interst, the Canadian provience has set a new royal helium rate of 4.25%, in order to set the stage for investment, while ensuring a fair price for Albertans.
Several companies have already expressed interest in Alberta’s helium potential, but the lack of a royalty rate has been a disincentive.
“Removing this barrier unlocks the potential to develop helium deposits in south-eastern Alberta and sets us up to take advantage of the close proximity of the US, the world’s largest helium consumer,” said Soya Savage, Minster of Energy for Alberta.
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