Has helium heaven been found in East Africa? With gas selling at $450 per thousand cubic feet, junior player hopes so - Upstream Online
Has helium heaven been found in East Africa? With gas selling at $450 per thousand cubic feet, junior player hopes so | Upstream Online
Australia-listed junior Noble Helium believes it has discovered a significant resource of helium — a gas worth about US$450 per thousand cubic feet — in Tanzania with its Mbelele-2 probe in the Rukwa rift basin.
However, despite this claim, the company’s share price was down 11% at A$0.17 (US$0.11) the close of trading on Tuesday on the Australian Stock Exchange.
Related Knowledge Center: Liquefied natural gas
Driven by plentiful natural gas produced from shale plays, the United States began exporting liquefied natural gas in 2016 when the Sabine Pass terminal in Louisiana opened and shipped its first cargo. Since then, additional capacity, or trains, have been added to Sabine Pass, and terminals have become operational in Cameron Parish, La.; Hackberry, La.; Cove Point, Md.; and Corpus Christi, Texas. The Energy Information Administration projects that U.S. LNG export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world, behind Australia and Qatar. The tariff war with China has the potential to impact some final investment decisions for additional terminals in the coming months.