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CNBC: Energy firms operating in the South China Sea face two options: Bow to Beijing or suffer
* Beijing's willingness to use military threats in the South China, as revealed in a July incident that involved Spain's Repsol, is a worrying development for energy players
* Firms that ignore Chinese demands could face on-site harassment, de facto exclusion from the Chinese market and threats to company staff, according to Verisk Maplecroft
As the world's second-largest economy threatens military action in the South China Sea, oil and gas players with interests in the disputed zone are put in a bad place.
That was the case for Spanish energy firm Repsol. In July, its subsidiary Talisman-Vietnam was ordered by Hanoi to stop gas drilling in a China-claimed area after Beijing warned the Southeast Asian country that it would attack bases if operations continued.
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WNU Editor: China's threat of using military strikes on oil and gas platforms in the South China Sea has clearly worked.
