Gas futures on the European market surged by over 20% and hit a new all-time high above $950 per 1,000 cubic meters on Wednesday, according to Ice Futures trading data, Sputnik reports 

October gas futures for Dutch TTF, the most liquid European hub, rose by 17.27% to $943 per 1,000 cubic meters as of 09:03 GMT. Minutes earlier the price reached over 905$.