'Energy is a strategic weapon'
COMMENT On the hallowed walls of the inner sanctum of PetroChina Co Ltd, one of the world’s largest market capitalised companies and the right arm of the Chinese government’s energy warriors, is inscribed in stone five words that underline the driving philosophy of this world superpower, both domestic and foreign.
These words are: ‘Energy is a strategic weapon’.
In Kuala Lumpur, 3,680km away, the cabinet will meet in a few weeks to decide which of two groups - 1MDB or YTL Power - will be awarded a lucrative 25-year concession to produce and sell 2,000 million watts of electricity to Tenaga Nasional Bhd (TNB), under Project 3B.
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