NASA is the largest consumer of helium in the world, purchasing approximately 75 million cubic feet annually.
The agency recently awarded a contract worth $1.07 billion to Air Products and Chemicals for 33 million litres of liquid helium. Do AIr Products have all the supply they need?
The value of Grade-A helium sold during 2022 in the US by private industry was US$820 million
The market has been in supply deficit for 8 years — nearly half — between 2006-2022.
US and Qatar produce 85% of supply, but US reserves and production falling.
We are now part of the US supply ad a lot more in Tanzania.