Strait of Hormuz shipping disruptions significantly push up helium spot prices

People’s Financial News, March 20 — The ongoing Middle East conflict continues to impact global markets. Iran’s attacks have disrupted about 17% of Qatar’s liquefied natural gas (LNG) export capacity. Analysts point out that the global energy market is shifting from “transportation disruptions” to “supply shortages.” It is reported that the attacks damaged two of Qatar’s 14 LNG production lines, and one of its two natural gas-to-oil facilities was also affected. QatarEnergy CEO Saad Sherida al-Kaabi stated that repairs will halt approximately 12.8 million tons of LNG production annually, with an expected duration of three to five years. The conflict in the Middle East has not only impacted LNG supply but also affected a critical but often overlooked resource—helium. The blockage of shipping through the Strait of Hormuz has caused helium prices to rise significantly. Recent estimates from U.S. banks suggest that spot helium prices have increased by about 40% depending on market conditions. Analysts note that as supply tightens, key industries that demand helium tend to prioritize supply security over price, making suppliers more likely to raise quotes. (CCTV Finance)