Germany, UAE deepen energy cooperation with renewable, gas agreements (updated)

RWE AG

11/09/2026 17:38

RWE and Masdar sign MoU on German offshore wind auctions in 2027
RWE, ADNOC plan terms for up to two LNG offtake agreements from early 2030s
Masdar and Luxcara explore energy storage, offshore wind investments
Adds interview with XRG executive in paragraphs 7-8
By Christoph Steitz
FRANKFURT, Sept 11 (Reuters) - Germany and the United Arab Emirates on Friday deepened their energy ties with a number of agreements covering renewables and natural gas, part of a broader investment of €40 billion ($46.4 billion) to support industry in Europe's biggest economy.
With a trade relationship worth around $15.5 billion a year, Germany and the UAE have been seeking closer relations to counter growing political uncertainty and disruption caused by the U.S.-Israeli war in Iran.
RWE, Germany's largest power producer, on Friday signed a memorandum of understanding with UAE state-backed renewable energy firm Masdar over a possible joint participation in German offshore wind auctions in 2027, covering potential investment of more than €3 billion.
RWE RWEG.DE also signed a letter of intent with ADNOC ADNOC.UL on future supplies of liquefied natural gas, building on an initial framework agreement between the two parties in February.
"The UAE and Germany are building on decades of trusted partnership to advance economic growth and shared prosperity for the long-term," Sultan al-Jaber, ADNOC CEO and the UAE's Minister of Industry and Advanced Technology, said.
Both parties plan to agree terms for up to two LNG offtake agreements to supply German as well as other European and Asian markets from the early 2030s. Any LNG volumes are to come from ADNOC Gas ADNOCGAS.AD and ADNOC's international arm XRG.
XRG, ADNOC, and German state-owned energy firm SEFE also signed an MoU to explore deeper cooperation in the fields of natural gas and LNG.
XRG's chemicals chief Rainer Seele said he was interested in close ties with SEFE.
"We already have a broadly diversified LNG portfolio and will continue to invest in securing future LNG production. We wish to bring this expertise to a long-term partnership and agree on the next steps without delay," he told Reuters.
Masdar and German energy infrastructure investment firm Luxcara also agreed to explore joint energy storage and offshore wind investments in Germany and other markets worth more than €5 billion.
($1 = 0.8618 euros)

 (Reporting by Christoph Steitz
Editing by Miranda Murray, Louise Heavens and Barbara Lewis)
 ((christoph.steitz@thomsonreuters.com; +49 30 220 133 647))