Blue Star Helium targets near-term Colorado output after 30% supply disruption
Iran’s blockade of the Strait of Hormuz and Qatar’s Ras Laffan closure have eliminated 30% of global helium supply, forcing reroutes that add 10–14 days and trigger boil-off losses. Blue Star Helium is advancing its Galactica-Pegasus project in Colorado with conventional reservoirs and existing infrastructure for near-term output.
1. Global Supply Shock
Iran’s blockade of the Strait of Hormuz and the Ras Laffan facility shutdown have removed roughly 30% of the world’s helium overnight. Alternative shipping around the Cape of Good Hope adds 10–14 days per voyage, causing significant boil-off losses and exacerbating tight market conditions.
2. Colorado Project Development
Blue Star Helium’s Galactica-Pegasus project in Colorado targets conventional helium reservoirs with existing processing and transport infrastructure nearby. Recent development drilling and flow testing aim to fast-track production into the structurally tight North American market.
3. Market Opportunity and Timeline
Rising spot prices—projected up to $2,000 per thousand cubic feet—have accelerated buyer interest in non-Gulf sources. Blue Star plans to leverage mature oil and gas jurisdiction rules to secure permits and initiate first helium sales within the next 12 months.