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Deputy Prime Minister Datuk Seri Fadillah Yusof is set to lead Malaysia's delegation to the 15th APEC Energy Ministers Meeting (APEC EMM15) in Busan, South Korea. The meeting, which takes place from August 27 to 29, aims to accelerate sustainable, affordable, reliable, secure, and innovative energy for a prosperous future.
In addition to participating in the APEC EMM15, Fadillah, who is also the Minister of Energy Transition and Water Transformation (Petra), will present Malaysia's strategy to reach its net-zero greenhouse gas emissions target by 2050. This strategy, outlined in the National Energy Transition Roadmap (NETR) and the New Industrial Master Plan (NIMP) 2030, will be a key topic of discussion.
Beyond the APEC EMM15, Fadillah's program includes visits to several notable South Korean sites. He will tour the Gangbyeon Wastewater Treatment Plant in Busan, explore cooperation in training, technology transfer, and nuclear operations at Korea Hydro and Nuclear Power's Saeul Nuclear Power Plant, and Doosan Enerbility.
The visit to South Korea also marks a significant milestone in the bilateral trade between the two countries. In 2025, the total trade between Malaysia and South Korea reached US$24.42 billion, an increase from US$15.69 billion the following year. Malaysia was South Korea's 11th largest trading partner and export destination in January-July 2025.
One of the key areas of collaboration between Malaysia and South Korea is in carbon capture and storage (CCS). The Shepherd CCS Project, led by Petronas with the support of Shell Gas and Power Developments B.V., seeks to establish a full CCS value chain between the two countries. The project aims to capture 4.8 million tonnes of CO2 annually by 2030, positioning Malaysia as a key CCS hub in the Asia-Pacific.
Key Korean participants in the Shepherd CCS Project include SK Energy, SK Earthon, Samsung Engineering, Samsung Heavy Industries, Lotte Chemical, GS Energy, Korea National Oil Corporation, Hanwha Corporation, and Air Liquide Korea.
As part of his bilateral meetings, Fadillah is scheduled to hold discussions with counterparts from South Korea, Hong Kong, China, New Zealand, and Brunei to expand cooperation in the energy sector, particularly in advancing Malaysia's energy transition.
The APEC EMM15 is expected to strengthen Malaysia's standing as a strategic partner in regional energy cooperation and as a destination for sustainable, high-value green investment. More than 100 participants, including energy ministers, senior officials, and industry leaders, will attend the event.
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