Renergen, Argonon agreement to potentially establish helium spot market

South African natural gas and helium producer Renergen has inked a helium forward sale agreement with helium trading company Argonon Helium US for 100 000 units over 19 years, with each unit representing a thousand standard cubic feet (mcf) of helium at 99.999% purity and in liquid form. Argonon will take possession of the units once they are paid for and for which Argonon is under no obligation to purchase, Renergen said.

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