Senate bill aims to soothe helium market


The US Senate has passed a bill that will let the government continue selling off its stockpiled helium, in an attempt to prevent a disruption of supply that could adversely affect researchers around the world. Currently, sales of the American stockpile, mainly built up during the cold war, supply 42% of the US and and 35% of global demand for the gas. 

In 1996, US lawmakers ordered the sale of the federal helium stores to pay off the accumulated debts of $1.3 billion (£840 million) of the US Federal Helium Reserve in Amarillo, Texas. However, the sell off is set to end in October as the facility's debts have been settled. Global production elsewhere is unable to meet current demands and researchers around the world had warned the 'helium cliff' could severely affect global research and development if the US reduces exports of the gas. However, while the sale looks set to continue, the price of helium is expected to rise. The current sell off has supressed the market value for helium and discouraged conservation and exploration for new sources. 

The bill will now move to the the House of Representatives, which passed a similar bill back in April. The Senate and Representatives bills are similar but differ slightly in how the remaining helium will be sold off and what will be done with the proceeds.


Related Content

Chemical regulation reform gains momentum in both chambers of US Congress

1 June 2015 News and Analysis

news image

Bipartisan bill to revamp outdated legislation is advancing in the Senate and the House, but the window to enact reform could...

It's even cheaper being green

30 April 2014 Premium contentFeature

news image

Reducing the environmental impact of your lab can save money as well as water and fuel. Phillip Broadwith reports

Most Commented

Collaboration, not competition

29 June 2015 Research

news image

Organic chemist E J Corey talks to Phillip Broadwith about awards, ambition and academic freedom

Z machine puts the squeeze on metallic deuterium

25 June 2015 Research

news image

Pressures similar to those at centre of the Earth forge metallic deuterium in step toward 80-year-old dream of creating metal...