Do you mean the flame effect, or the rings coming out from the centre?
If it’s the firey effect, then Particle World/Fractal Noise with Vector Blur will get you close.
If it’s the rings bit, then you could either create a bunch of 3D solids in a tunnel and fly a camera along it (more control) or you could use the Radio Waves effect. Radio Waves will even take the contours of a pre-comped flame and use that as the tunnel’s shape.
Tutorials that might help:
Video Copilot Energy wipe
Video Copilot Shockwaves
I haven’t been able to find a tutorial on radio waves, but this YouTube video shows what’s possible – Radio Waves
http://www.YouTube.com/ShiveringCactus – Free FX for amateur films
https://shiveringcactus.wordpress.com/ – FX blog
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