Australia-based Georgina Energy has received offtake interest and confirmed high-value helium-3 potential in the Amadeus Basin in Northern Territory.

The proposed agreement would include sale of helium, hydrogen and natural gas in the form of liquefied natural gas with company subsidiary Westmarket Oil & Gas selling raw gas at the wellhead to the unnamed offtaker.

“The offtaker would be responsible for capital outlay for downstream processing facilities, including the separation units, PSA systems for helium–hydrogen separation and cryogenic systems for purification,” according to a statement.

The company, publicly listed on the London Stock Exchange, confirms “exceptionally high grades” of helium, ranging up to 9%, in the subsalt zones of the Amadeus Basin.

Helium-3 commands significantly higher prices compared with helium-4 with Gold Hydrogen quoting pricing in 2024 of more than $70m/mcf, approximately 140,000 times the price of the helium-4 isotope.

Helium-3 was one of the topics at gasworld’s European Specialty Gas Summit 2025. Read more on the market in this column from Richard Brook, a specialist in helium supply and application and a speaker on the Summit stage in Utrecht.

While helium is currently extracted as a byproduct of LNG production, new projects aim to directly produce helium and hydrogen, capitalising on surging global prices and growing demand in key sectors like healthcare (MRI machines) and electronics (semiconductor manufacturing).