Rule 424(b)(3)
File No. 33-49401
PRICING SUPPLEMENT NO. 2, DATED JULY 7, 1994
 (To Prospectus dated April 15, 1994
and Prospectus Supplement dated April 15, 1994)
NATIONAL FUEL GAS COMPANY
(Medium-Term Notes, Series C)
Trade Date: July 7, 1994

Principal Amount:   $50,000,000

Price to Public:    100.000%

Issue Date:    July 14, 1994 (the Offered Notes
                     will bear interest from July 14, 1994)	

Maturity Date: July 14, 1999

Interest Rate: 7.25%

Underwriting Discount:   .468%

Proceeds to the Company: $49,766,000

Additional Terms:   Non-Redeemable

                           UNDERWRITING	

Subject to the terms and conditions set forth in a
Terms Agreement, dated July 7, 1994 between Goldman, Sachs & Co. (the "Purchaser") and the Company (the "Terms Agreement"), the Purchaser has agreed to purchase from the Company, and the Company has agreed to sell to the Purchaser, as principal, $50,000,000 principal amount of the Offered Notes.
Under the terms and conditions of the Terms Agreement, the Purchaser is authorized to utilize a selling or dealer group in connection with the resale of the Offered Notes.
The Company has been advised by the Purchaser that it proposes to offer the Offered Notes to one or more investors or other purchasers, including other dealers, from time to time in one or more transactions, including negotiated transactions, at varying prices related to prevailing market prices at the time of resale.