Brazil's ANP Set for First Biomethane CGOB Issuance in May 2026
Brazil's hydrocarbon regulator ANP plans to issue biomethane guarantee-of-origin certificates (CGOBs) starting in May 2026, influencing compliance obligations under the Fuel of the Future law. This issuance will adjust the 2026 compliance targets on a pro-rata basis, potentially lowering demand expectations compared to a full-year mandate, thereby impacting supply and pricing dynamics in the market.
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The first issuance of biomethane guarantee-of-origin certificates (CGOBs) by Brazil's ANP is anticipated in May 2026, impacting compliance under the Fuel of the Future law. Compliance obligations for 2026 will be calculated pro-rata, affecting the demand forecast and aligning it with available supply.
Discussions at I-REC Day Brazil highlighted the potential for distorted liquidity and price discovery as regulatory structures are established. The regulated market is expected to transition alongside voluntary schemes, with initial supply likely to be limited. Regulatory uncertainty remains, but the issuance marks a significant step toward market execution.
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