Global Helium Demand Estimates
Shift to Asian Markets
Global Demand Increasing
- Between 2015 and 2020, annual worldwide demand is projected to increase from approximately 6.0 Bcf to just under 7.0 Bcf
- Both overall demand, and demand growth, expected to shift from the Americas and Europe to Asia
- Asian growth driven by increased access to healthcare (MRI), continued electronics demand (domestic demand and IT component exports), and general economic activity
- On the supply side, both Algeria, and, to a much larger degree, Qatar have filled the decline wedge left by US BLM, and have become critical to overall global supply stability
Helium Demand Trends
- By the end of the decade, international helium extraction facilities will become the main source of supply for world helium users. Seven international helium plants are in operation and more are planned during the next 3 to 5 years. Expansions to facilities have been completed in Algeria and Qatar.
- In 2015, demand for helium both domestically and worldwide increased. Additionally in 2015, a new helium recovery facility began operation in southwest Colorado. As a result, demand for helium stored in the U.S. Government’s helium facilities has decreased by more than 50% during the past 2 years.
- Phase 2 of the Holbrook Basin Helium Project will involve the development and construction of a helium processing plant to bring regionally produced gas to market.