Published date: 26 July 2022

Last edited date: 3 August 2022

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 29 June 2022, 12pm

Contract summary

Industry

  • Research services - 73110000

  • Economic research services - 79311400

Location of contract

SW1H 0ET

Value of contract

£120,066

Procurement reference

tender_308613/1085762

Published date

26 July 2022

Closing date

29 June 2022

Closing time

12pm

Contract start date

1 July 2022

Contract end date

29 August 2022

Contract type

Service contract

Procedure type

Open procedure (below threshold)

Any interested supplier may submit a tender in response to an opportunity notice.

This procedure can be used for procurements below the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

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

More information

Previous notice about this procurement

Invitation to Tender for: Lot 1, analysis of European Security of Supply Scenarios for winter 2022/23 and Lot 2, Research on LNG Market Contracting Structures and Flexibility

  • Opportunity
  • Published 16 June 2022

Attachments

Additional text

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 £39870 (exclusive VAT) and now Contract Price including VAT is £120,066

Award information

Awarded date

1 July 2022

Contract start date

1 July 2022

Contract end date

29 August 2022

Total value of contract

£60,230

This contract was awarded to 1 supplier.

Baringa Partners LLP

Address

Baringa Partners LLP 62 Buckingham Gate London SW1E 6AJ

Reference

Companies House number: OC30347

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Address

1 Victoria Street
London
SW1H 0ET
England

Email

internationalclimateandenergy.procurement@beis.gov.uk