SECURITIES AND EXCHANGE COMMISSION
                        Washington, D.C.
                                
                           FORM U-6B-2
                   Certificate of Notification
                                
     Filed by a registered holding company or subsidiary thereof 
pursuant to Rule U-20-(d) [Reg. Section 250.20, Paragraph 36,652] 
or U-47 [Reg. Section 250.47, Paragraph 36,620] adopted under the 
Public Utility Holding Company Act of 1935

Certificate is filed by: Niagara Energy Trading Inc., a 
wholly-owned subsidiary of National Fuel Gas Company.

     This certificate is notice that the above named company has 
issued, renewed or guaranteed the security or securities 
described herein which issue, renewal or guaranty was exempted 
from the provisions of Section 6(a) of the Act and was neither 
the subject of a declaration or application on Form U-1 nor 
included within the exemption provided by Rule U-48 [Reg. Section 
250.48, Paragraph 36,621].

1.   Type of the security or securities:     three promissory 
notes.

2.   Issue, renewal or guaranty:   Security #1: renewal.
                                   Security #2: issue.
                                   Security #3: renewal.

3.   Principal amount of each security: 
                                   Security #1:   $900,000.
                                   Security #2:   $300,000.
                                   Security #3:   $400,000.

4.   Rate of interest per annum of each security: 
                                   Security #1: 5.64%.
                                   Security #2: 5.66%.
                                   Security #3: 5.70%.

5.   Date of issue, renewal or guaranty of each security:
                                   Security #1:   1/29/98.
                                   Security #2:   1/30/98.
                                   Security #3:   2/26/98.

6.   If renewal of security, give date of original issue: 
                                   Re: Security #1: 12/30/98.
                                   Re: Security #3:  1/30/98.
     
7.   Date of maturity of each security: 
                                   Security #1:   2/26/98.
                                   Security #2:   2/26/98.
                                   Security #3:   3/26/98.

8.   Name of the person to whom each security was issued, renewed 
or guaranteed: National Fuel Gas Company.

9.   Collateral given with each security, if any:      none.

10.  Consideration received for each security:
                                   Security #1:   $900,000.
                                   Security #2:   $300,000.
                                   Security #3:   $400,000.

11.  Application of proceeds of each security:    purchase gas 
and gas storage and/or transportation services.

12.  Indicate by a check after the application statement below 
whether the issue, renewal or guaranty of each security was 
exempt from the provisions of Section 6(a) because of 
     a.   the provisions contained in the first sentence of 
Section 6(b),
     b.   the provisions contained in the fourth sentence of 
Section 6(b),
     c.   the provisions contained in any rule of the Commission 
other than 
          Rule U-48:     Rule 52.  [check]

13.  If the security or securities were exempt from the 
provisions of Section 6(a) by virtue of the first sentence of 
Section 6(b), give the figures which indicate that the security 
or securities aggregate (together with all other than outstanding 
notes and drafts of a maturity of nine months or less, exclusive 
of days of grace, as to which such company is primarily or 
secondarily liable) not more than 5 per centum of the principal 
amount and par value of the other securities of such company then 
outstanding:   N/A.

14.  If the security or securities are exempt from the provisions 
of Section 6(a) because of the fourth sentence of Section 6(b), 
name the security outstanding on January 1, 1935, pursuant to the 
terms of which the security or securities herein described have 
been issued:        N/A.

15.  If the security or securities are exempt from the provisions 
of Section 6(a) because of any rule of the Commission other than 
Rule U-48 [Reg. Section 250.48, Paragraph 36,621] designate the 
rule under which exemption is claimed:  Rule 52.

                              NIAGARA ENERGY TRADING INC.


                              By: /s/ William M. Petmecky
                                   William M. Petmecky
                                    Secretary

Date:     May 19, 1998