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To: marc chatman who wrote (25623)	7/13/1998 8:58:00 PM
From: P.Prazeres	Read Replies (1) \| Respond to of 95453

Natural Gas Falls as Plentiful Supply Feeds Hot Weather Demand New York, July 13 (Bloomberg) -- Natural gas fell more than 2 percent as utilities' immediate needs were met by newly produced supplies, displacing the need to take gas from inventories that are 26 percent higher than a year ago. 'It's very hot, but there is a plentiful supply,'' said Patrick DeVille, a gas trader at Aquila Energy Corp. in Omaha, Nebraska, the nation's second-biggest gas trading company. ''I know that in south Texas and Louisiana, they're sucking up the gas. Otherwise, we'd be falling further.'' Natural gas for August delivery at the Henry Hub in Louisiana fell as much as 5.9 cents, or 2.6 percent, to $2.25 per million British thermal units on the New York Mercantile Exchange. Demand for natural gas to generate electricity for air- conditioning is forecast to be strong because temperatures are to climb to 3.4 degrees above normal, pushing average U.S. average cooling demand to 31 percent above normal in the coming week, according to Weather Derivatives of Belton, Missouri. The nation's natural gas storage rate is 26 percent higher than a year ago, About 65 percent of the nation's storage capacity is full, according the American Gas Association.