Iceland, which has 33 active volcanic systems, has declared a state of emergency as experts say an eruption is imminent as the magma forces its way upwards on the Reykjanes peninsula.
It is likely to happen at some point along a 10-mile-long fissure that has opened up near Grindavik, damaging buildings, causing cracks in roads and subsidence at a golf course.
The fissure continues into the sea so the eruption could take place on the ocean floor, an event which would send up a giant ash cloud as super-heated rock comes into contact with cold water.
It is close to the Svartsengi geothermal plant, the main supplier of electricity and water to 30,000 residents as well as a freshwater reservoir.
Roads closed
Grindavik, which has a population of 4,000, is also near the Blue Lagoon geothermal spa resort, one of Iceland’s main tourist attractions, which has been closed due to the uptick in seismic activity.
Roads into the town have been blocked other than for emergency vehicles.
“We are really concerned about all the houses and the infrastructure in the area,” Vidir Reynisson, the head of Iceland’s civil protection agency said.