SECURITIES AND EXCHANGE COMMISSION

                                Washington, D.C. 20549

                                      FORM 10-C

                   Report by Issuer of Securities Quoted on NASDAQ

                             Interdealer Quotation System
                     Filed pursuant to Section 13 or 15(d) of the
                   Securities Exchange Act of 1934 and Rule 13a-17
                                 or 15d-17 thereunder

                            NORTHWEST NATURAL GAS COMPANY
                   (Exact name of issuer as specified in charter) 

                                 One Pacific Square,
                                220 N.W. Second Avenue
                               Portland, Oregon  97209
                       (Address of principal executive offices)

          Issuer's telephone number, including area code (503) 226-4211


                      I.  CHANGE IN NUMBER OF SHARES OUTSTANDING

          Indicate any change (increase or decrease) of 5% or more in the number
 
          of shares outstanding:

          1.  Title of security: Common Stock, Par Value $3 1/6 Per Share
                                 ----------------------------------------
          2.  Number of shares outstanding before the change:    13,470,887
                                                                 ----------
          3.  Number of shares outstanding after change:    14,620,887
                                                            ----------
          4.  Effective date of change: February 23, 1995
                                        -----------------
          5.  Method of change:
                Specify method (such as merger, acquisition, exchange,
                distribution, stock split, reverse split, acquisition of
                stock for treasury, etc.)

                               Issuance of Common Stock
                               ------------------------

          Give brief description of transaction:  Issuance and sale of
                                                  ---------------------
          1,150,000 shares of Common Stock pursuant to SEC Registration
          -------------------------------------------------------------
          Statement (File No. 33-53795)
          -----------------------------

                                                         
                            II.  CHANGE IN NAME OF ISSUER

          1.  Name prior to change:  Not Applicable
                                     --------------
          2.  Name after change:  Not Applicable
                                  --------------
          3.  Effective date of charter amendment changing name:  Not
                                                                  ---
              Applicable
              ----------
          4.  Date of shareholder approval of change, if required:  Not
                                                                    ---
              Applicable
              ----------


          Date:  February 28, 1995            /s/ C. J. Rue
                 -----------------            -------------------------
                                              C.J. Rue
                                              Secretary