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UPDATE 1-Norway delivers all the gas it can to Germany -Norway PM

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OSLO, Aug 15 (Reuters) - Norway is delivering all the gas it can to Germany, and any further boost would depend on making new discoveries, Norwegian Prime Minister Jonas Gahr Stoere said on Monday.

Norway, Western Europe’s largest petroleum producer, this year boosted its gas exports to take advantage of record prices and help Europe replace some of the volumes lost when Russia curbed supplies.

“Norway delivers as much gas as possible to Germany,” Stoere told a joint news conference with German Chancellor Olaf Scholz.

“In total, we have been increasing our gas exports compared to what we had at the outset by close to 10%, which is really maximum, so we will do whatever we can with the companies to maintain a high level,” Stoere said.

Any further increase would depend on finding and developing additional resources, he added.

The German chancellor welcomed Norway’s effort.

“I am very grateful to you and the Norwegian government for the willingness to expand production capacities so quickly and to push the limits of what was technically possible. That helps us now,” Scholz said.

Russia is Germany’s main gas supplier. The country’s Gazprom has cut gas flows to Germany through the Nord Stream 1 pipeline to 20% of capacity.

The value of Norway’s natural gas exports hit a record 128.4 billion Norwegian crowns ($13.22 billion) in July as prices and demand in Europe surged amid the continent’s effort to fill storages ahead of the winter season. ($1 = 9.7118 Norwegian crowns) (Reporting by Nora Buli; editing by Terje Solsvik and Leslie Adler)

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