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April 3, 2025

S Korea turns to SA for export growth with Bangladesh in focus

South Korea is turning to Southwest Asia as a new export market with a focus on Bangladesh as it seeks to expand trade with the energy-rich, populous region as part of efforts to reduce reliance on the US and China, said South Korea's top trade negotiator.
[caption id="attachment_33833" align="alignleft" width="536"] South Korean President Lee Jae Myung (center) grants credentials to new Bangladeshi Ambassador Toufiq Islam Shatil (left) on Sept. 2, 2025 (Courtesy of South Korean Presidential House)[/...

Bangladesh becomes LNG’s hottest story

  • Bangladesh has become Asia’s most active spot LNG buyer as domestic gas output falls and demand rises.
  • Long-term deals with Qatar and Oman cover only part of the gap, so spot imports have surged.
  • Reliance on spot LNG is creating financial and energy-security risks.
Petrob...
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