When the Strait of Hormuz closed in March, the world lost roughly one‑third of its helium supply, a gas that powers everything from MRI machines to space probes. Qatar, which produces more than a third of global helium, has become the linchpin of the market, while Canada’s already modest 3 % share faces a looming crisis.

Qatar’s Helium Share: Over a Third of Global Output

According to the report, Qatar accounts for more than 33 % of worldwide helium production. This concentration means that any disruption in the Gulf can ripple across industries that depend on the gas.. The source notes that the Strait of Hormuz’s closure has removed a third of the market from the supply chain, underscoring Qatar’s pivotal role.

Canada’s Vulnerability: Only 3 % of Global Helium

The article highlights Canada’s precarious position, producing just 3 % of the world’s helium. With limited spare capacity from Russia and the U.S., Canadian hospitals and research labs are watching the market closely. The source reports that Ottawa balloon busineses are already paying 20 % more for helium, and prices could double or triple if suppliers shift.

Health‑Care Impact: Ontario Hospitals Report No Disruption Yet

Despite the shortages, Ontario’s Ministry of Health has not seen any adverse effects on patient care or hospital operations, the source says. However, experts in medical and research fields are uneasy about the long‑term implications of the Strait’s closure, as helium is critical for cooling and leak detection in nuclear facilities.

Future Production Plans: Saskatchewan Aims for 10 % by 2030

The report notes that Saskatchewan hopes to lift its share from 3 % to 10 % of global production by 2030. This ambition reflects a broader call within Canada to diversify and increase domestic helium output, especially in light of the current supply shock.

Who Will Fill the Gap if Qatar’s Supply Falters?

The source raises the question of who could step in if Qatar’s output were to be disrupted. With Russia and the U.S. as the only other major suppliers, the market could see significant volatility. The report does not identify any new entrants or alternative sources, leaving a critical gap in the supply chain.