The Russian media hit out at a report that claimed the country presents a "geopolitical risk of threats to supply" of helium which is &nbsp;"finite resource".

<a href="https://www.wionews.com/world/russian-spies-hacked-ukrainian-energy-firm-at-center-of-trumps-impeachment-274153">Also Read:&nbsp;Russian spies hacked Ukrainian energy firm at center of Trump impeachment</a>

The <a href="https://www.wionews.com/world/big-push-into-helium-could-have-the-world-on-russias-string-348830">New York Times </a>in its report said that that "Siberia holds some of the largest known untapped reserves of natural gas with high levels of helium, and Russia is preparing for a major leap in production when its new complex of factories comes online next year."

NYT said that Russia is "well-positioned to supply China and the technology industry on the US West Coast" and the Gazprom the Russian company is "will export canisters of cryogenically cooled liquid helium from the Pacific Ocean port of Vladivostok."

The report said after ramping up production by the middle of the decade "Russia expects to produce 25 per cent to 30 per cent of all helium used worldwide without breaking a sweat". <a href="https://www.wionews.com/south-asia/pakistan-signs-offshore-pipeline-agreement-with-russian-energy-giant-gazprom-195970">Gazprom</a> said in September that its Siberian helium machine was more than 60% completed, the report said.

The report said US and Qatar at present generate vast amounts of world’s helium but Russia is already self-sufficient, however, the US has exited the business which the NYT report claims would allow Russia to become a major exporter from 2021.

The report claimed that the US holds 2.8 billion cubic feet of helium in an "abandoned gas field outside Amarillo, Texas".

"It has raised worries that Russia could bring to helium the same politically influenced trading practices that worry buyers of Russian natural gas and crude oil," the NYT report said.

There are several uses for liquid helium which is widely used in MRI machines also to propel space rockets including in welding and printing computer chips and is seen as a "critical resource".

The report also mentioned the controversial <a href="https://www.wionews.com/world/proposed-us-sanctions-on-nord-stream-2-pipeline-is-unfair-competition-russia-347540">Nord Stream 2 </a>natural gas pipeline linking Russia to <a href="https://www.wionews.com/world/germany-threatens-to-put-nord-stream-2-project-on-hold-as-russia-fails-to-cooperate-in-navalny-probe-326080">Germany</a> which has been embargoed by the Trump administration with its "complicated mix of politics and economics influences the Kremlin’s decisions."

The Russian media hit out at a report that claimed the country presents a "geopolitical risk of threats to supply" of helium which is "finite resource". Also Read: Russian spies hacked Ukrainian energy firm at center of Trump impeachment The New York Times in its report said that that "Siberia holds some of the largest known untapped reserves of natural gas with high levels of helium, and Russia is preparing for a major leap in production when its new complex of factories comes online next year.

The Russian media hit out at a report that claimed the country presents a "geopolitical risk of threats to supply" of helium which is "finite resource". Also Read: Russian spies hacked Ukrainian energy firm at center of Trump impeachment The New York Times in its report said that that "Siberia holds some of the largest known untapped reserves of natural gas with high levels of helium, and Russia is preparing for a major leap in production when its new complex of factories comes online next year." NYT said that Russia is "well-positioned to supply China and the technology industry on the US West Coast" and the Gazprom the Russian company is "will export canisters of cryogenically cooled liquid helium from the Pacific Ocean port of Vladivostok." The report said after ramping up production by the middle of the decade "Russia expects to produce 25 per cent to 30 per cent of all helium used worldwide without breaking a sweat". Gazprom said in September that its Siberian helium machine was more than 60% completed, the report said. The report said US and Qatar at present generate vast amounts of world’s helium but Russia is already self-sufficient, however, the US has exited the business which the NYT report claims would allow Russia to become a major exporter from 2021. The report claimed that the US holds 2.8 billion cubic feet of helium in an "abandoned gas field outside Amarillo, Texas". "It has raised worries that Russia could bring to helium the same politically influenced trading practices that worry buyers of Russian natural gas and crude oil," the NYT report said. There are several uses for liquid helium which is widely used in MRI machines also to propel space rockets including in welding and printing computer chips and is seen as a "critical resource". The report also mentioned the controversial Nord Stream 2 natural gas pipeline linking Russia to Germany which has been embargoed by the Trump administration with its "complicated mix of politics and economics influences the Kremlin’s decisions."

Russia's push towards helium could present 'geopolitical risk of threats to supply': Report

With a momentary hiss of gas escaping a canister, the limp red balloon suddenly came to life, filled with helium.

After a practiced twirl of her fingers, Anastasia Bukhiyeva, an employee at a party supply shop in Moscow, attached a string, and the balloon floated up to a net under the ceiling, joining dozens of others in this upside-down system of storage.

Russian party balloons are more or less the same as balloons anywhere else but for one distinction: The helium is from Russia.

Soon, though, Russian helium could be used all over the world.

A huge production facility in Siberia is nearing completion, one that some analysts say could disrupt the global market for the lighter-than-air gas, which plays an increasingly critical role in industries like medical technology, space exploration and national security.

The United States and Qatar together generate the vast majority of the world’s helium. But Russia, already self-sufficient, plans to become a major exporter starting next year.

This ambition, in the works for years now, coincides with the U.S. government’s exit from the helium business after decades as a major supplier. It has raised worries that Russia could bring to helium the same politically influenced trading practices that worry buyers of Russian natural gas and crude oil.

Like oil and natural gas, helium is a finite resource. It is usually extracted as a byproduct of natural gas, and it is slowly becoming scarcer because, once released, it is too light to be contained by gravity and floats into space, lost forever.

And analysts expect demand to rise over time.

Initially, the new Russian supply might lower prices, said Michael Dall, an economist specializing in industrial chemicals at research firm IHS Markit. But longer term, he said, “the dynamics could become more political, something similar to OPEC,” which manipulates prices by raising or lowering the production of oil.

“The geopolitical risks of threats to supply, and potential supply outages, will rise,” Dall said. “And the way demand is going, helium is going to be highly sought after.”

Liquid helium is the coldest thing on Earth, with a boiling point of minus 452 degrees Fahrenheit. This exceptional property, plus the fact that it is not flammable and does not interact with other gases, makes it essential in devices ranging from MRI machines to rocket engines.

Liquid helium circulates inside MRI machines to cool the superconducting magnets that produce the scans that help doctors detect diseases in patients. In space travel, helium is used several ways, including to pressurize tanks of rocket fuel. (It remains a gas even at the low temperatures of liquid hydrogen.)

It is useful in welding and in printing computer chips, and if magnetic levitation trains ever take off, it could be a critical resource in that industry, said Christopher J. Cramer, vice president for research at the University of Minnesota, which buys helium for its laboratories.

Given its wide use, “people began to get nervous about helium supply,” Cramer said.

Medical device makers and scientists have questioned helium’s continued use in party balloons, where about 10% of the world’s supply winds up. The American Chemical Society calls helium an endangered element.

“Just like certain animals here on Earth, there are endangered elements, too,” the society’s website says. The society recommends that people “opt not to buy helium balloons.”

Siberia holds some of the largest-known untapped reserves of natural gas with high levels of helium, and Russia is preparing for a major leap in production when its new complex of factories comes online next year, operated by Gazprom, Russia’s huge natural gas producer. The company will export canisters of cryogenically cooled liquid helium from the Pacific Ocean port of Vladivostok, well-positioned to supply China and the technology industry on the U.S. West Coast.

Others also see opportunity in helium. Qatar plans new refineries, and companies are prospecting for new deposits in the United States, Canada and Africa, said Phil Kornbluth, a helium analyst and founder of a consultancy focused on the global market for the gas.

Still, after ramping up to full production in the middle of this decade, Russia expects to produce 25% to 30% of all helium used worldwide.

It will do so without breaking a sweat, so vast are its reserves, analysts say. In fact, Gazprom has the ability to reserve extracted helium in Siberia by injecting it back into the natural gas fields — essentially taking its helium off the market — which is one reason for concerns about price manipulation in the future. Gazprom declined to comment for this article.

In other commodity markets where Russia has a finger on the scale of prices, such as natural gas in Europe, a complicated mix of politics and economics influences the Kremlin’s decisions. Its Nord Stream 2 natural gas pipeline project, intended to connect Russian gas fields to Germany, for example, has been fiercely opposed by the White House as a means of stoking dependence on Russia.

Helium has been a focus of countries’ national security policies for more than a century.

The U.S. government began stockpiling the gas in the 1920s, when zeppelins seemed to have a future in military air power, a role that never came. Still, the Federal Helium Reserve holds in the porous rock of an abandoned gas field outside Amarillo, Texas, about 2.8 billion cubic feet of helium owned by the American people — enough for an armada of blimps, or about 3 billion balloons if Congress decided to throw a big party instead.

The 1996 Helium Privatization Act required the Bureau of Land Management, which runs the site, to sell the entire reserve to privatize the helium market. Periodic auctions became a major source of helium for industry and created a benchmark for global prices, affecting the cost of everything from balloons to MRI scans. Private American companies will still produce helium. But the government reserve is expected to hold its last auction in 2023.

The change in the market is coinciding with Russia’s debut as a major supplier.

Gazprom said in September that its Siberian helium machine was more than 60% completed. Photos of the main refinery depict a panoramic scene of pipes and cooling towers, rising in a remote forest. When it opens, it will be the largest helium plant in the world, Gazprom says.

“Possibly, this factory could hand Russia world leadership in helium,” a Russian business news site, Rambler, reported in an article exuberantly headlined “A Flight to the Sun: A New Russian Factory Will Influence the Global Helium Market.”

With so much helium expected to begin coming online next year, Russian balloon sellers are hoping for some benefit, too. In the Soviet era, the gas was reserved mostly for the space industry, the military and scientists.

Helium balloons were an afterthought and a rarity. “I never had helium balloons when I was a child,” said Bukhiyeva, the clerk at the Moscow store. It is called Shariki 24, or Balloons 24, open around the clock.

She sells mylar unicorns and rainbows and has balloons in the shapes of all the letters in the Cyrillic alphabet, to spell messages.

Bukhiyeva saw no downside to Russia’s becoming a helium superpower. Balloons will become cheaper, she said. “It will be great.” 
&nbsp;

With a momentary hiss of gas escaping a canister, the limp red balloon suddenly came to life, filled with helium. After a practiced twirl of her fingers, Anastasia Bukhiyeva, an employee at a party supply shop in Moscow, attached a string, and the balloon floated up to a net under the ceiling, joining dozens of others in this upside-down system of storage.

With a momentary hiss of gas escaping a canister, the limp red balloon suddenly came to life, filled with helium. After a practiced twirl of her fingers, Anastasia Bukhiyeva, an employee at a party supply shop in Moscow, attached a string, and the balloon floated up to a net under the ceiling, joining dozens of others in this upside-down system of storage. Russian party balloons are more or less the same as balloons anywhere else but for one distinction: The helium is from Russia. Soon, though, Russian helium could be used all over the world. A huge production facility in Siberia is nearing completion, one that some analysts say could disrupt the global market for the lighter-than-air gas, which plays an increasingly critical role in industries like medical technology, space exploration and national security. The United States and Qatar together generate the vast majority of the world’s helium. But Russia, already self-sufficient, plans to become a major exporter starting next year. This ambition, in the works for years now, coincides with the U.S. government’s exit from the helium business after decades as a major supplier. It has raised worries that Russia could bring to helium the same politically influenced trading practices that worry buyers of Russian natural gas and crude oil. Like oil and natural gas, helium is a finite resource. It is usually extracted as a byproduct of natural gas, and it is slowly becoming scarcer because, once released, it is too light to be contained by gravity and floats into space, lost forever. And analysts expect demand to rise over time. Initially, the new Russian supply might lower prices, said Michael Dall, an economist specializing in industrial chemicals at research firm IHS Markit. But longer term, he said, “the dynamics could become more political, something similar to OPEC,” which manipulates prices by raising or lowering the production of oil. “The geopolitical risks of threats to supply, and potential supply outages, will rise,” Dall said. “And the way demand is going, helium is going to be highly sought after.” Liquid helium is the coldest thing on Earth, with a boiling point of minus 452 degrees Fahrenheit. This exceptional property, plus the fact that it is not flammable and does not interact with other gases, makes it essential in devices ranging from MRI machines to rocket engines. Liquid helium circulates inside MRI machines to cool the superconducting magnets that produce the scans that help doctors detect diseases in patients. In space travel, helium is used several ways, including to pressurize tanks of rocket fuel. (It remains a gas even at the low temperatures of liquid hydrogen.) It is useful in welding and in printing computer chips, and if magnetic levitation trains ever take off, it could be a critical resource in that industry, said Christopher J. Cramer, vice president for research at the University of Minnesota, which buys helium for its laboratories. Given its wide use, “people began to get nervous about helium supply,” Cramer said. Medical device makers and scientists have questioned helium’s continued use in party balloons, where about 10% of the world’s supply winds up. The American Chemical Society calls helium an endangered element. “Just like certain animals here on Earth, there are endangered elements, too,” the society’s website says. The society recommends that people “opt not to buy helium balloons.” Siberia holds some of the largest-known untapped reserves of natural gas with high levels of helium, and Russia is preparing for a major leap in production when its new complex of factories comes online next year, operated by Gazprom, Russia’s huge natural gas producer. The company will export canisters of cryogenically cooled liquid helium from the Pacific Ocean port of Vladivostok, well-positioned to supply China and the technology industry on the U.S. West Coast. Others also see opportunity in helium. Qatar plans new refineries, and companies are prospecting for new deposits in the United States, Canada and Africa, said Phil Kornbluth, a helium analyst and founder of a consultancy focused on the global market for the gas. Still, after ramping up to full production in the middle of this decade, Russia expects to produce 25% to 30% of all helium used worldwide. It will do so without breaking a sweat, so vast are its reserves, analysts say. In fact, Gazprom has the ability to reserve extracted helium in Siberia by injecting it back into the natural gas fields — essentially taking its helium off the market — which is one reason for concerns about price manipulation in the future. Gazprom declined to comment for this article. In other commodity markets where Russia has a finger on the scale of prices, such as natural gas in Europe, a complicated mix of politics and economics influences the Kremlin’s decisions. Its Nord Stream 2 natural gas pipeline project, intended to connect Russian gas fields to Germany, for example, has been fiercely opposed by the White House as a means of stoking dependence on Russia. Helium has been a focus of countries’ national security policies for more than a century. The U.S. government began stockpiling the gas in the 1920s, when zeppelins seemed to have a future in military air power, a role that never came. Still, the Federal Helium Reserve holds in the porous rock of an abandoned gas field outside Amarillo, Texas, about 2.8 billion cubic feet of helium owned by the American people — enough for an armada of blimps, or about 3 billion balloons if Congress decided to throw a big party instead. The 1996 Helium Privatization Act required the Bureau of Land Management, which runs the site, to sell the entire reserve to privatize the helium market. Periodic auctions became a major source of helium for industry and created a benchmark for global prices, affecting the cost of everything from balloons to MRI scans. Private American companies will still produce helium. But the government reserve is expected to hold its last auction in 2023. The change in the market is coinciding with Russia’s debut as a major supplier. Gazprom said in September that its Siberian helium machine was more than 60% completed. Photos of the main refinery depict a panoramic scene of pipes and cooling towers, rising in a remote forest. When it opens, it will be the largest helium plant in the world, Gazprom says. “Possibly, this factory could hand Russia world leadership in helium,” a Russian business news site, Rambler, reported in an article exuberantly headlined “A Flight to the Sun: A New Russian Factory Will Influence the Global Helium Market.” With so much helium expected to begin coming online next year, Russian balloon sellers are hoping for some benefit, too. In the Soviet era, the gas was reserved mostly for the space industry, the military and scientists. Helium balloons were an afterthought and a rarity. “I never had helium balloons when I was a child,” said Bukhiyeva, the clerk at the Moscow store. It is called Shariki 24, or Balloons 24, open around the clock. She sells mylar unicorns and rainbows and has balloons in the shapes of all the letters in the Cyrillic alphabet, to spell messages. Bukhiyeva saw no downside to Russia’s becoming a helium superpower. Balloons will become cheaper, she said. “It will be great.”

Big push into helium could have the world on Russia’s string

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Russia's push towards helium could present 'geopolitical risk of threats to supply': Report

Big push into helium could have the world on Russia’s string