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BP denies US allegations of fixing natural gas market
Source: BBC
5 August 2013 Last updated at 15:53 GMT
BP denies US allegations of fixing natural gas market
US regulators have told BP to respond to allegations of natural gas market manipulation and threatened the firm with fines of close to $29m (£19m).
BP has 30 days to respond, but said the allegations were "without merit".
The Federal Energy Regulatory Commission's (FERC) Office of Enforcement alleges the offences took place in the Houston Ship Channel from September to November 2008.
FERC first posted the allegations in 2011 and is stepping up its inquiry.
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Read more: http://www.bbc.co.uk/news/business-23578087