Natural Gas, Refined Products
October 31, 2025
Platts publishes Brent and Henry Hub forward prices For Brazil natural gas contracts
Platts, a part of S&P Global Commodity Insights, has begun publishing daily spot and forward prices for Brent crude oil and Henry Hub natural gas used in Brazil natural gas contracts, effective Oct. 31, 2025. The quarterly calculation period prices are based on the daily average of the prompt month ICE Brent and CME Henry Hub price for the pricing periods:
Calculation Period: Pricing Period:
Feb 2026 – Apr 2026 Oct 2025 – Dec 2025
May 2026 – Jul 2026 Jan 2026 – Mar 2026
Aug 2026 – Oct 2026 Apr 2026 – Jun 2026
Nov 2026 – Jan 2027 Jul 2026 – Sep 2026
Platts will publish the following symbols:
| Calculation Period: | ICE Brent Price | CME Henry Hub |
| Feb 2025 - Apr 2025 | BRZAA00 | BRZBD00 |
| May 2025 - Jul 2025 | BRZAB00 | BRZBE00 |
| Aug 2025 - Oct 2025 | BRZAC00 | BRZBF00 |
| Nov 2025 - Jan 2026 | BRZAD00 | BRZBG00 |
| Feb 2026 - Apr 2026 | BRZAE00 | BRZBH00 |
| May 2026 - Jul 2026 | BRZAF00 | BRZBI00 |
| Aug 2026 - Oct 2026 | BRZAG00 | BRZBJ00 |
| Nov 2026 - Jan 2027 | BRZAH00 | BRZBK00 |
| Feb 2027 - Apr 2027 | BRZAI00 | BRZBL00 |
| May 2027 - Jul 2027 | BRZAJ00 | BRZBM00 |
| Aug 2027 - Oct 2027 | BRZAK00 | BRZBN00 |
| Nov 2027 - Jan 2028 | BRZAL00 | BRZBO00 |
| Feb 2028 - Apr 2028 | BRZAM00 | BRZBP00 |
| May 2028 - Jul 2028 | BRZAN00 | BRZBQ00 |
| Aug 2028 - Oct 2028 | BRZAO00 | BRZBR00 |
| Nov 2028 - Jan 2029 | BRZAP00 | BRZBS00 |
| Feb 2029 - Apr 2029 | BRZAQ00 | BRZBT00 |
| May 2029 - Jul 2029 | BRZAR00 | BRZBU00 |
| Aug 2029 - Oct 2029 | BRZAS00 | BRZBV00 |
| Nov 2029 - Jan 2030 | BRZAT00 | BRZBW00 |
| Feb 2030 - Apr 2030 | BRZAU00 | BRZBX00 |
| May 2030 - Jul 2030 | BRZAV00 | BRZBY00 |
| Aug 2030 - Oct 2030 | BRZAW00 | BRZBZ00 |
| Nov 2030 - Jan 2031 | BRZAX00 | BRZCA00 |
| Feb 2031 - Apr 2031 | BRZAY00 | BRZCB00 |
| May 2031 - Jul 2031 | BRZAZ00 | BRZCC00 |
| Aug 2031 - Oct 2031 | BRZBA00 | BRZCD00 |
| Nov 2031 - Jan 2032 | BRZBB00 | BRZCE00 |
| Feb 2032 - Apr 2032 | BRZBC00 | BRZCF00 |
The prices will be available to Americas Gas and Power subscribers and will be published in market data category GM, graphs in Gas Daily, and fixed page numbers AGP0750 and PGN0750 for Brent and AGP0751 and PGN0751 for Henry Hub.
Please send any feedback or questions to AmericasGasPricing@spglobal.com and pricegroup@spglobal.com. For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available to the public upon request.