Helium Market:"As a high-value specialty gas with unique...

Helium Market:

"As a high-value specialty gas with unique qualities, helium has been classified a strategic element.

The market is in undersupply and the gas commands prices 100 times higher than natural gas. Helium is critical to a lot of technologies including the manufacture of MRIs, semi-conductors, fibre optic cables, and hard discs, as well as being used in cooling, space exploration, rocketry, lifting and high-level science.

To-date, most of the world’s helium is extracted as a by-product of natural hydrocarbon gas production. About 3% of the world’s helium is produced in Australia, with the nation consuming about the same amount.

All of Australia’s helium is processed at the BOC plant in Darwin to an A Grade liquid helium – equating to 99.995% helium."

The above is an extract from an analysis for Global Oil & Gas.

Back in the day there were a couple of CTP company releases making mention of helium in their Northern Territory tenements, but there has been no mention in more recent years.