"Qatar, which sits on the world's biggest single natural gas field, produces about 30% of global helium supply, according to the U.S. Geological Survey."
"After Ras Laffan was hit again by more Iranian strikes on Wednesday and Thursday, QatarGas reported 'extensive' damage that will take years to repair and cut annual helium exports by 14%."
"'It makes the story worse,' said Phil Kornbluth, president of Kornbluth Helium Consulting. 'Your best case scenario would be you're back producing some helium in six weeks or something like that. As it looks right now, that's highly unlikely.'"
"Spot prices for helium have doubled since the crisis erupted."
Iran's recent attacks on Qatar's natural gas export facility jeopardize global helium supply, crucial for advanced industries. Qatar produces about 30% of the world's helium but halted production due to the conflict. The Iranian strikes have caused extensive damage to Qatar's Ras Laffan facility, leading to a 14% reduction in helium exports. Helium prices have doubled since the crisis began, raising concerns about the impact on technology supply chains and energy markets.
Read at Fortune
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