Key highlights
- QatarEnergy signed a 15-year helium supply agreement with Buzwair.
- The deal involves 20 million cubic feet of helium per year.
- Supply starts in September 2025 from Ras Laffan facilities.
- This is QatarEnergy's first direct deal with a local Qatari gas company.
Agreement Details
QatarEnergy has entered into a long-term sales and purchase agreement (SPA) with Buzwair Industrial Gases Factories WLL. The agreement spans up to 15 years and involves the supply of 20 million cubic feet of helium annually. The supply will commence in September 2025 from Qatar's facilities in Ras Laffan.
Significance
This SPA represents QatarEnergy's first direct partnership with a local Qatari industrial gas company. It highlights the expanding capabilities and networks of regional suppliers in the global helium market.
Industry Context
Helium is crucial for various advanced technologies and industrial applications, including MRI scanners, semiconductors, fiber optics, space exploration, deep sea diving, and specialized welding.
