A suspected lightning strike during severe storms occurring this past Friday caused a fire at TC Energy's Corinth natural gas compressor station in Mississippi, prompting the company to declare Force Majeure on its 5419-km Columbia Gulf pipeline.
"No one was injured in the incident, and the fire has now been extinguished," TC Energy said in a press release.
The Columbia Gulf pipe stretches 5,419 kilometers between the U.S. Gulf Coast and the Midwest, serving customers in Louisiana, Mississippi, Tennessee and Kentucky, according to the company's website.
U.S. natural gas futures NGc1 jumped from a negative 2% to a positive 7% Friday morning on news of the shutdown. The market pared gains to a positive 2% by Friday afternoon on expectations the facility would return soon.
Meanwhile the Corinth compressor station is making operational adjustments to allow a portion of volume to resume flows through the impacted segment of the system, TC Energy said.