Helium supply situation in focus again, BLM increases prices of federal crude helium


The ongoing helium-supply demand situation has been in focus again in recent weeks, after The Bureau of Land Management (BLM) raised the price of federal crude helium.

According to a statement by the BLM, revised pricing for crude helium will be offered during its 2013 Open Market Sale, effective October 2012. The Fiscal Year 2013 price will be $84.00 per Mcf, up from $75.75 per Mcf in Fiscal Year 2012.

There are suggestions that another dynamic could eventually have an impact on the market too, with the news that the US Senators Jeff Bingaman and John Barrasso have proposed new legislation which stipulates a responsible resource management strategy for the Federal Helium Reserve.

“…a BLM statement explains that the new price is the result of a revised methodology that relies partly on the Consumer Price Index (CPI), but incorporates other factors aimed at better capturing the costs of production and the increasing value of crude helium”

The bipartisan Helium Stewardship Act draws on recommendations from private helium refiners, retailers, end-users, BLM officials and the National Academy of Sciences to address the most pressing problems facing the USA’s helium industry.

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