Department for Business, Energy & Industrial Strategy · Awarded contract
Awarded

Award of Contract for Long-Term Oil, Coal, and Gas Supply Curve Services to Rystad Energy

Awarded 14 Feb 2023

View live tenders
Awarded14 Feb 2023
Value£70,000.00
SupplierRystad Energy Limited
AgencyDepartment for Business, Energy & Industrial Strategy
RegionUnited Kingdom
CategoryEnergy & Environment
Ended 3y 7mo ago2mo term
Awarded 14 Feb 2023Expired 30 Mar 2023

About

Department for Business, Energy & Industrial Strategy awarded a contract to Rystad Energy Limited for services to produce and provide long-term supply curves for oil, coal, and gas.

The contract's overall purpose was to generate assumptions for long-term fossil fuel prices by combining new fossil fuel supply curves with projections of fossil fuel demand, i.e., where supply meets demand.

The fossil fuel supply curves reflect the range of uncertainty over the evolution of supply curves through the creation of low and high as well as central projections, reflecting the plausible and evidence-based range and the inherent uncertainty.

The projections cover 2025, and then 10-year time blocks between 2030 up to and including 2050.

The contract value was £70,000.

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