Party City Is Closing 45 Stores As A Global Helium Shortage Makes It Harder To Fill All Those Balloons

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Party City Is Closing 45 Stores As A Global Helium Shortage Makes It Harder To Fill All Those Balloons
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The party supplies company said its balloon sales had been impacted because of the global helium shortage.

Party City's website has a"Because of this global helium shortage, fulfillment of balloon orders may be affected at your store. We’re working to replenish the helium at the affected stores as more supply becomes available," the company says.Only three sources in Qatar, Texas, and Wyoming produce 75% of the world's helium,

Gasworld.com. The US government's helium reserves in Texas are being depleted, forcing the Bureau of Land Management to ration its supplies.While helium is most popular for filling balloons, it's also a versatile non-renewable gas that's critical for several medical and research applications, according toHelium is also used in many electronic and medical devices, including MRI machines, as well as for chemistry research and aerospace manufacturing.

The world is currently facing its the third period of sustained helium shortage — dubbed Helium Shortage 3.0 — since 2006,Experts have theorized that the latest shortage could have been triggered by an embargo of Qatar in June 2017 by a group of countries led by Saudi Arabia and the UAE that resulted in a temporary shutdown of Qatar's helium production, Kornbluth

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