PITTSBURGH, Feb. 23 /PRNewswire/ -- Consolidated Natural Gas Company
(NYSE: CNG) announced that it sold today 1,519,500 shares of its common stock
to Goldman, Sachs & Co.  Goldman Sachs intends to re-sell the stock as
principal from time to time in one or more transactions.
    In January, CNG purchased 4,558,500 shares from Goldman Sachs to issue to
debenture holders who chose to convert its 7.25 percent convertible
debentures.  The debentures were called January 23.
    Approximately 1.6 million of these shares were issued to holders who
converted their debentures to common stock.  The remaining acquired shares
which were not sold today are expected to be sold in another underwritten
offering during March 1998, subject to market and other conditions.
    CNG has about 94 million shares outstanding after the sale.
    Consolidated Natural Gas Company is one of the nation's largest producers,
transporters, distributors and marketers of natural gas, and offers a variety
of energy marketing services throughout North America.  The company's natural
gas transmission and distribution operations serve customers in Ohio,
Pennsylvania, Virginia, West Virginia, New York and other states in the
Northeast and Mid-Atlantic regions.  CNG explores for and produces natural gas
and oil in the United States and Canada, and makes selective investments
abroad.
    CNG's recent news releases are available 24 hours a day on the Internet,
by fax machine, or by voice recording.  On the Internet, use CNG's web site:
http://www.cng.com.  For faxing, call 1-800-758-5804 on a touch-tone phone and enter
CNG's company extension, which is 203456.  From a menu, you will then be able
to select releases that will be faxed to you immediately without charge.  For
voice recordings, call 1-888-CNG-NEWS.  This line is toll-free.

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