OPINION: It has been another tumultuous week for the global energy sector.

Anxiety about energy security and inflation is keenly felt, especially in Europe where governments are bracing themselves for an interruption in Russian gas supplies.

Russia continues to weigh up its options for responding to the sanctions that Western governments have imposed in response to the war against Ukraine, but the Kremlin has already begun a new squeeze on supply.

The last thing that Europe needed right now was a strike by offshore workers in Norway, a country that has been touted as the best bet for providing a short-term boost in gas supply to the continent, but that was it got on Tuesday.