MATHESON and Gazprom Sign Helium Projects Agreement

Today a Memorandum of Understanding (MOU) was signed setting out the basis for their future cooperation in the development of Gazpromā€™s substantial helium reserves in Eastern Siberia. Alexander Medvedev, deputy Chairman of the Management Committee of Gazprom JSC and Director General of Gazprom export LLC, and Phil Kornbluth, Executive Vice President, International & Helium for MATHESON, a member of the Taiyo Nippon Sanso Corporation (TNSC) group were involved in signing the MOU.
Pursuant to the terms of the MOU, MATHESON intends to act as a strategic partner to Gazprom, not only as an off-taker of significant volumes of helium from the projects, but also as a provider of helium industry knowledge and expertise. The parties have agreed to explore ways in which they may establish long term cooperation in areas such as marketing and logistics, helium production and technology.

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