- The available data shows that the Prospective Recoverable Helium Resource (2U/P50) at Tanzania’s primary helium project in Rukwa stands at 138 billion cubic feet (bcf), making it the largest helium deposit in the world.
The US has been the top global supplier of helium accounting for almost 60 percent (24bcf) share of global supply of helium in 2015.However this is set to change as exploration in Tanzania gains momentum in the Rukwa Basin , Lake Nyasa and Lake Eyasi. The available data shows that the Prospective Recoverable Helium Resource (2U/P50) at Tanzania’s primary helium project in Rukwa stands at 138 billion cubic feet (bcf), making it the largest helium deposit in the world.
Apart from the US, Algeria, Australia, Canada, Poland and Russia are also helium producing nations. Almost 40 to 50 percent of the gas comes from Russia and given the war situation and sanctions on Russia, the demand is bound to increase. As per the plan, Tanzania will start actual helium production in 2025 as stated by Mr Justyn Wood, the Chief Executive Officer of Rocket Tanzania Limited that undertakes research on helium gas in the three areas in collaboration with Researchers at the University of Dar es Salaam (UDSM). The Rocket company has spent millions of dollars on research and exploration in Tanzania.
Deputy Minister for the ministry of minerals, Dr Steven Kiruswa who witnessed the signing of the Memorandum of Understanding (MoU) between the two institutions, assured that the Tanzanian government will continue to create a conducive environment for investment.
Read Also;
https://trendsnafrica.com/tanzania-on-an-aggressive-mode-to-promote-investment/
https://trendsnafrica.com/tanzania-hastens-to-join-the-league-of-lng-exporters/
The current global market for bulk liquid helium is estimated at $2.7 billion, with the unit price (dollar per thousand cubic feet) rising by over 135 percent in the past three years.
