Bangladesh, May 20 -- Bangladesh is increasingly looking towards Latin America as a potential frontier for energy cooperation as part of efforts to diversify import sources and reduce its long-standing dependence on Gulf suppliers.

Diplomatic and energy sector sources said the move reflects a broader recalibration of Dhaka's energy diplomacy at a time when global fuel markets remain volatile due to geopolitical tensions, supply chain disruptions and the accelerating transition towards cleaner energy systems.

According to data from the International Energy Agency (IEA) and Bloomberg, global LNG spot prices surged to more than $60 per MMBtu in 2022 following the Russia-Ukraine conflict, compared with less than $10 before the war.

The sh...