A historic winter storm threatened natural gas shipments from one the biggest US export plants while heavy snow shut schools and airports in Houston and highways in New Orleans.

A low-pressure system is dropping bitter cold from Texas to North Carolina, disrupting rail and air travel as snow sweeps throughout the US South. The ripple effects are being felt as far afield as Europe, where gas prices jumped on concern about weather-driven interruptions to US supplies of the fuel.

“The system is going to drop a blanket of snow across the entire Gulf south,” Donald Jones, a weather service meteorologist. “It will be

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