Government announces plans for final Federal Helium Reserve auction

The U.S. Bureau of Land Management (BLM) is holding its annual auction for helium from the Federal Helium Reserve this summer. This one is a little different, however.

It’s the last one.

The Federal Helium Reserve has reached its minimum inventory level specified by the Helium Stewardship Act of 2013, which outlined a plan to deplete the reserve and get the federal government out of the helium mining business.

There are expected to be fewer assets available than years past at the July 18 auction, reported gasworld, so bidding is expected to be aggressive, even more so than last year, when prices jumped approximately 11 percent.

Whatever remains of the reserve following the auction will be for government use only until Sept. 30, 2021. Any remaining federal helium will be privatized at that point, according the Stewardship Act.

Originally posted Monday, Jun. 25, 2018

Tags: helium legistlation, helium shortage