Linde Secures 5–8% Green Helium Supply Under Rolling-Price Offtake
LIN•Linde has secured a rolling 30-day average price offtake agreement with Altura Energy for green helium from the Pinta-South project in Arizona, offering 5–8% concentration—five to eight times the industry norm. This deal helps Linde offset a deficit of roughly one-third of global helium supply after Qatar’s Ras Laffan damage.
1. Offtake Agreement Details
Linde signed a rolling 30-day average price offtake agreement with Altura Energy for green helium deliveries from the Pinta-South project in Arizona. The contract provides pricing flexibility and aligns Linde’s purchase costs with short-term market fluctuations.
2. High-Purity Helium Source
Altura’s Pinta-South wells yield helium concentrations of 5–8%, significantly above the industry average of around 1%. This high-purity supply reduces processing costs and enhances Linde’s ability to meet specialized industrial and scientific demand.
3. Supply Disruption Context
Damage to Qatar’s Ras Laffan complex removed approximately one-third of global helium output, triggering tight supply conditions and price volatility. Linde’s new agreement helps mitigate supplier risk during ongoing market constraints.
4. Strategic Impact for Linde
Securing this green helium supply diversifies Linde’s sourcing and supports its sustainability goals by integrating low-carbon gas into its portfolio. The arrangement may stabilize pricing and bolster Linde’s competitive position in the industrial gas sector.
