Insight
Brazil's gas spot market: solid 2025, smart play for 2026
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Brazil’s spot gas market expanded in 2025, with LDCs purchasing 60 million cubic meters by November—50% above 2024 levels. Spot contracts averaged US$2.3/mmbtu below firm deals, delivering discounts of 14–40% to distributors. While generally advantageous, volatility meant the strategy did not always pay off.
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