The global helium market is currently experiencing a shift towards a more regional focus, with a significant increase in the supply of helium. According to Phil Kornbluth, a helium market expert from Kornbluth Helium Consulting, who spoke at the recent Helium Super Summit 2024 in Houston, it is expected that there will be an abundance of helium supply for the foreseeable future.
Kornbluth emphasized that any periods of tight helium supply are likely to be temporary going forward. Although the helium supply chain remains delicate and vulnerable to potential disruptions, the risk of shortages is diminishing. With the potential startup of all three plants at Gazprom’s Amur Gas Processing Plant and the launch of the fourth helium facility in Qatar in the coming years, the global helium supply capacity is projected to increase by 50% compared to previous years.
The current market conditions and future prospects are expected to have a significant impact on helium exploration projects, particularly in North America and other regions, in the near future. As the helium market continues to evolve, it is essential for industry players to stay informed and adapt to the changing landscape to ensure a stable supply of helium for various applications.
Additionally, the increasing supply of helium could have implications for various industries that rely on helium, such as healthcare, aerospace, and electronics. The availability of helium at a more regional level could lead to more stable prices and a more secure supply chain for helium-dependent industries.
Overall, the outlook for the helium market appears positive, with a promising increase in the global helium supply capacity in the coming years. As the industry continues to grow and evolve, it is crucial for stakeholders to monitor market trends and developments to make informed decisions and ensure a sustainable helium supply for the future.
