EXHIBIT 21

SUBSIDIARIES OF NORTHWEST NATURAL GAS COMPANY

an Oregon Corporation

Name of Subsidiary	Jurisdiction Organized
Gill Ranch Storage, LLC	Oregon
NW Natural Energy, LLC	Oregon
NW Natural Gas Storage, LLC	Oregon
NNG Financial Corporation	Oregon
Trail West Holdings, LLC	Delaware
Trail West Pipeline, LLC	Delaware
BL Credit Holdings, LLC	Delaware
Northwest Biogas, LLC	Oregon
KB Pipeline Company	Oregon
Northwest Energy Corporation	Oregon
Northwest Energy Sub Corporation	Oregon
NWN Gas Reserves LLC	Oregon
NW Natural Water Company, LLC	Oregon
FWC Merger Sub, Inc.	Idaho