Award

Analysis of European Security of Supply Scenarios for winter 2022/23 and Research on LNG Market Contracting Structures and Flexibility

DEPARTMENT FOR BUSINESS, ENERGY & INDUSTRIAL STRATEGY

This public procurement record has 2 releases in its history.

AwardUpdate

03 Aug 2022 at 15:09

Award

26 Jul 2022 at 08:33

Summary of the contracting process

The Department for Business, Energy and Industrial Strategy is seeking to engage in research for the "Analysis of European Security of Supply Scenarios for winter 2022/23 and Research on LNG Market Contracting Structures and Flexibility." This procurement falls under the services category, specifically focusing on research services. The open tender period ended on 29 June 2022, with contracts starting from 1 July and concluding on 29 August 2022. The total value of the awarded contract is £120,066, including VAT. The project aims to enhance understanding of LNG markets and security of supply during the winter months, with a focused study on the implications of certain market stress scenarios.

This tender presents significant opportunities for businesses specialising in economic research, particularly those with expertise in energy markets and contract structures associated with liquefied natural gas. Small and medium-sized enterprises (SMEs) and voluntary community sector enterprises (VCSEs) would be well-suited to compete, especially organisations that possess robust analytical capabilities and experience in energy supply assessments. Companies interested in the UK energy sector and capable of delivering evidence-based research methodologies should consider participating in similar future tenders to foster growth and expand their market presence.

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Notice Title

Analysis of European Security of Supply Scenarios for winter 2022/23 and Research on LNG Market Contracting Structures and Flexibility

Notice Description

The Department for Business, Energy and Industrial Strategy is looking to commission external research to improve our understanding of natural gas and liquified natural gas markets in the coming years. We have outlined one project (Lot 1) to analyse Europe's security of natural gas supply in winter 2022/23 and a second project (Lot 2) on the contract structures in the global Liquid Natural Gas (LNG) market A key aim of these research projects will be to consider how the global LNG market may fair under certain stress tests and the implications of this for European energy security. This will involve an understanding of future supply and demand projections under various future scenarios as well as the contracting arrangements in the current and future LNG markets. This will allow the UK to have an evidence-based understanding of how, and to what extent, the LNG market will be able to serve the UK and Europe over the coming winter, 2022/2023 and beyond. The research will be split into two Lots: Lot 1: - Project 1a: Analysis of LNG availability to Europe - focussed on global and regional LNG markets under different outlooks and consideration of key events which could stress the LNG market and the implications for availability of LNG to European markets; and - Project 1b: European Energy Security Assessment - requiring a contractor to review and validate the assumptions of a European gas market model tool created by BEIS to ensure it is fit for purpose and draws on best available evidence Lot 2: - Project 2: Analysis of LNG Contracting Structures Additional information: 1 Contract was awarded as Bidder was successful in both lots. Contract Award Notice Modified as a Variation to Contract occurred, changing the end date and the contract value as a result of additional services required. Contract end date revised from 29/07/22 to 29/08/22. Contract Price has increased by PS39870 (exclusive VAT) and now Contract Price including VAT is PS120,066

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-49e899c9-dbfd-4d18-8380-93739bb7a9da
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/78fb7db6-ee69-4604-a3cf-79dbb3214929
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

73110000 - Research services

79311400 - Economic research services

Notice Value(s)

Tender Value
£120,066 £100K-£500K
Lots Value
Not specified
Awards Value
£60,230 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
3 Aug 20223 years ago
Submission Deadline
29 Jun 2022Expired
Future Notice Date
Not specified
Award Date
30 Jun 20223 years ago
Contract Period
30 Jun 2022 - 29 Aug 2022 1-6 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
DEPARTMENT FOR BUSINESS, ENERGY & INDUSTRIAL STRATEGY
Contact Name
Not specified
Contact Email
internationalclimateandenergy.procurement@beis.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1H 0ET
Post Town
South West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

BARINGA PARTNERS

Open Contracting Data Standard (OCDS)

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