Helium end users are “unhappy” with the current market model amid ongoing strains in supply and demand, according to Pulsar Helium CEO Thomas Abraham-James.
Speaking exclusively to gasworld, Abraham-James said, “I know first hand they haven’t been happy with it forever, quite frankly. At the moment, 95% of helium is produced as a byproduct, there’s no flexibility. So it comes out at [the] rate they produce natural gas. For the end user who wants more, they can’t get additional [supplies] and if they don’t want it, if they’re scaling back, they still have to pay for it under long-term ‘take or pay’ contracts.”
A geologist by background, Abraham-Jones reflected on the challenges in the market during his 12 years in the helium industry.
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