US Air Products plans to purchase helium from Russia’s Gazprom

18 April 2013 19:34  [Source: ICIS news]

HOUSTON (ICIS)--Air Products has signed a memorandum of understanding (MOU) to purchase helium from Russia’s Gazprom to help meet increasing demand for the gas, the US-based international industrial gases major said on Thursday.

Gazprom intends to start the development of large natural gas resources in eastern Siberia and plans to implement large-scale helium production from helium-rich gas feedstock in the Blagoveshchensk region beginning in 2018, Air Products said.

Air Products added that under the MOU it may also work with Gazprom on "logistical, technical and production facets of the overall project”.

"Our focus on reliable helium supply to our customers is 'priority one' for Air Products, and working with Gazprom would further diversify our helium source portfolio,” said John Van Sloun, general manager – Worldwide Helium at Air Products.

“This MOU is the latest in a series of actions we have taken to better position ourselves in meeting increasing customer helium demand,” he said.

Details about finances, purchase volumes or project capacities were not disclosed.

Van Sloun also said that Air Products's new, jointly-owned liquid helium production plant near Big Piney, Wyoming, is scheduled to be on stream in 2013.

That facility will process natural gas from Wyoming's Riley Ridge Field, one of the largest helium-rich natural gas fields in the US.

By: Stefan Baumgarten
+1 713 525 2653

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