CONSOLIDATED NATURAL <CNG> FORMS TRADING UNIT
Consolidated Natural Gas Co said it
has received Securities and Exchange Commission approval to
establish a wholly-owned natural gas marketing subsidiary
called CNG Trading Co.
    It said the new unit will operate in New York,
Pennsylvania, Ohio, West Virginia, Louisiana and Texas and
compete with other markets for delivery of low-cost natural gas
supplies.
    Consolidated said customers' needs will be met from a wide
range of low cost sources, including the spot market,
independent producers and brokers, and Consolidated's producing
affiliates - CNG Development Co of Pittsburgh, and CNG
Producing Co based in New Orleans.
 Reuter
