Helium and hydrogen play a critical role in the energy transition and in mitigating the effects of climate change
Georgina Energy aims to be a leading participant in the global hydrogen, helium and natural gas markets, with the development of its well defined 2U/P50 Prospective Resources of c.300 BCF helium, 300 BCF hydrogen and 2.5 TCF of natural gas.
These gases may be invisible, but they’re playing a highly visible and critical role in shaping the future. From powering next-generation transport to making space exploration and cutting-edge healthcare possible, hydrogen and helium are essential across a wide range of industries.
Clean energy transition
At the same time, supply pressures and rising demand are creating real opportunities. Governments and companies around the world are investing heavily to secure access to these resources and build the infrastructure needed for the future.
We believe the market for hydrogen and helium is not only vital – it’s critical.
Our focus is on tapping into this growth by supporting projects that aim to deliver long-term value and contribute to a more sustainable, technology-driven world.
Key numbers
$410bn+
projected global hydrogen market by 2030
+4%
Annual helium demand growth
50,000+
MRI scanners using helium worldwide
Global outlook for helium
- There’s a global short supply of helium and significant increases in demand, including space launch usage, has led to further price increases
- There’s a lack of major new sources and the manufacture of synthetic helium isn’t currently possible
- NASA signed a 5-year contract in 2022 for 1.2 Bcf space helium supply at $920/Mcf
- The US Bureau of Land Management held it’s last Crude Helium Auction in 2018 with no plans for another, in recent years prices have exceed USD $600 Mcf
- The demand for helium is expected to rise significantly from the growth of the semiconductor market
Source: The Business Research Company, Helium Global Market Report
Global outlook for hydrogen
- Hydrogen is a key resource in the move towards decarbonisation as countries across the globe look to reduce carbon output
- Hydrogen has become a green resource and is no longer a result of fossil fuels
- The National Gas Infrastructure Plan: Interim Report released in 2022, identifies the priority infrastructure developments required to alleviate forecast southern gas supply shortfalls in the near-term
- Intensive research and development on hydrogen is bringing affordable hydrogen batteries closer than ever
Our market
Hydrogen drives the clean energy shift, while helium is essential for technologies from medical imaging to space exploration