12 November 2025

The Plaza, Seoul, Korea

Argus Korea Commodities Day

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About Argus Korea Commodities Day 

 

Where: The Plaza, Seoul, South Korea

 

When: 12 November 2025, Wednesday

9.00am - 5.30pm KST

 

 

Evolving Energy, Fuel and Power Markets

 

The energy mix in Korea is expanding, yet petroleum — from crude and LPG — including refined products and petrochemicals — continues to play a critical role in the South Korea’s industrial base.

 

At the same time, biofuels are emerging as a vital piece of the decarbonisation agenda, while in the power sector, coal remains a key fuel but is increasingly being replaced by alternatives such as LNG, ammonia, and hydrogen. Covering these three pillars together reflects how South Korea must balance established markets with the transition to new fuels.

 

This year’s Korea Forum will bring together market specialists and business leaders to examine what’s ahead across these sectors. Attendees will gain practical insights, expert analysis, and the chance to engage in open dialogue on how global trends and policy shifts connect to South Korea’s unique position in the energy value chain.

 

View Agenda here >>

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Agenda: 12 November 2025, Wednesday

09:00-09:30

Registration and coffee

09:30-12:00

Petroleum

 

Welcome Note & Key Insights  


The Big Picture: Macro-economics and global oil market 

  • Geopolitical factors impacting the global oil markets
  • Oil's place in the new energy economy
  • Mid- and long-term crude outlook 

Crude: WTI’s Asian Ambition: Arbitrage, Access, and Acceleration

  • Asian Demand Growth and New Deals
  • Arbitrage Economics and Competition
  • Trade and Tariffs 

Oil: Q&A

 

10:35-10:50

Coffee Break 

10:50-12:00

Oil Products: Trade economics takes a back seat 

  • New EU sanctions and it's impacts on Asia-Pacific oil product trade flows
  • Trump's tariffs forces Asian refiners to look towards US for cargoes
  • The rise of Dangote and it's impacts on Asian gasoline supply balances 

LPG: Opportunities and challenges from US-China Trade War  

  • Overview of key supply and demand LPG outlook
  • Pricing impact of the US-China trade war and tariffs
  • Pricing overview of LPG versus competing feedstocks naphtha and ethane


Petrochemicals: Feedstocks in Flux: Navigating Olefins and Recycled Polymers in a Tariff-Driven Asia

  • Feedstock shifts under tariff pressures
  • Olefins outlook: Balancing supply growth with demand uncertainty
  • Recycled polymers and circularity: Feedstock or competitor?


Panel Discussion: Energy security or transition? Asia in crosshairs of changing global geopolitics

12:00-13:30

Networking Lunch

13:30-15:10

Biofuels

 

Global Feedstocks Market Overview and its impact the Asian Market 

  • Asian feedstocks market overview - potential feedstock supply crunch in 2030 and pricing overview
  • Changing feedstock demand landscape in the US and Europe due to tariff, US 45Z and RefuelEU policies
  • ADD on Chinese UCOME has affected Asian UCOME trade flow and how regional UCOME prices are reflecting the widening specs between road and marine use
  • Korean domestic biodiesel market overview and the importance of including UCO in its pricing mechanism 


Asia to become a key supply hub for HVO and SAF 

  • Korean domestic biodiesel market overview and the importance of including UCO in its pricing mechanism 
  • Developing SAF/HVO mandates in Asia will see the region being a net exporter and the pricing mechanism for Asian SAF/HVO
  • Korean SAF mandate – is domestic supply enough to meet demand?
  • Potential shortfall in European HVO supply due to RED III transposition and how Asia could play a role in helping Europe meet the targets

Q&A

Panel Discussion: Is Korea ready for a SAF mandate?

15:10-15:30

Coffee Break

15:30-17:30

Power Generation Fuels

 

Coal: Global, Asia & Korea 

  • Coal demand outlook clouded by economic uncertainty
  • Domestic production in China and India rises, potentially weighing on seaborne demand
  • Renewable power push could weigh on coal demand
  • Indonesia’s exports facing pressure from weak demand

LNG: Navigating Supply, Price Volatility, and Strategic Sourcing into 2026 

  • Global LNG market snapshot: Key supply and demand trends
  • Asian demand dynamics: Challenges and opportunities ahead
  • Supply options and market dynamics, pricing trends, and market outlook: Planning for 2026 and beyond

Ammonia & Hydrogen - Global, Asia & Korea

  • Procurement opportunities and status of overseas projects
  • Alternative approaches to demand stimulation: Focus on the EU
  • Pricing structures overview

Panel Discussion: Energy security or transition? Asia in crosshairs of changing global geopolitics