Researchers from Durham and Oxford Universities, alongside Norwegian-based Helium One collaborated on the project in Tanzania's Rift Valley. On its website, Helium One says that, "the global helium market is expected to exceed $6 billion in 2016. The price of bulk liquid helium has risen more than 100 percent in the last ten years."
"In terms of impact on the market, this won't be felt until Tanzania's Eastern Rift Valley becomes a proven reserve and production starts. However, helium security is everything. It will allow users to plan and invest in helium using technologies like heavy lifting blimps or floating drones supplying internet access," Ballentine said.
He added: "I hope this is an opportunity for employment and income in Tanzania. There are several other areas in the country with similar geology that are targeted for future exploration."
Tanzania's helium discovery is also good news for the environment, as Bluett said, "The gas composition in the country is primarily inert non-greenhouse gases. This will be increasingly important in a low carbon future, considering that most helium production today is a by-product of methane production."
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