Linde Signs Helium Deal With Russia's Gazprom
March 13 2018 - 6:35AM
Dow Jones News
By Marc Navarro Gonzalez
Linde AG (LINU.XE) said Tuesday that it has entered a long-term
helium-purchase agreement with Russian gas giant Gazprom PJSC's
(GAZP.RS) subsidiary Gazprom Export LLC.
The German industrial gas company said it will buy significant
volumes of helium from Gazprom's Amur helium plant, which is
currently under construction in the eastern Russian town of
Svobodny.
The first supplies of helium are targeted for 2021, Linde
said.
Helium is used for a wide range of applications, such as
manufacturing and operating magnet-resonance imaging scanners as
well as manufacturing semiconductors, LCD screens and fiber-optic
cable.
The company didn't disclose financial details of the
agreement.
Write to Marc Navarro Gonzalez at marc.navarro@dowjones.com
(END) Dow Jones Newswires
March 13, 2018 06:20 ET (10:20 GMT)
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