What’s Behind the Global Power Shortage? Fresh from crowing over Europe’s gas crisis , Russian President Vladimir Putin now sees a chance to capitalize on it. Putin wants to press the European Union to rewrite some of the rules of its gas market after years of ignoring Moscow’s concerns, to tilt them away from spot-pricing toward long-term contracts favored by Russia’s state run Gazprom, according to two people with knowledge of the matter. Russia’s also seeking rapid certification of the controversial Nord Stream 2 pipeline to Germany to boost gas deliveries, they said. Vladimir Putin on Oct. 12. European gas futures gained on Wednesday. Putin is due to speak at the Russian Energy Week conference in Moscow on Wednesday. Amid record daily swings of as much as 40% in European gas prices, he made a calculated intervention to cool the market last week by saying Gazprom can boost supplies […]