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BP says will 'vigorously defend' itself in gas manipulation case

BP logo is seen at a fuel station of British oil company BP in St. Petersburg, October 18, 2012. REUTERS/Alexander Demianchuk
BP logo is seen at a fuel station of British oil company BP in St. Petersburg, October 18, 2012. REUTERS/Alexander Demianchuk

(Reuters) - BP Plc said on Monday it would "vigorously defend" itself against allegations from U.S. regulators that its traders manipulated natural gas markets in late 2008.

Earlier on Monday the U.S. Federal Energy Regulatory Commission (FERC) ordered the energy company to respond to the allegations from its Office of Enforcement, threatening the company with fines and other charges near $29 million.

(Reporting by David Sheppard; Editing by Gerald E. McCormick)

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