One week after an earthquake swarm first warned of magma on the rise, a volcanic eruption has started near Iceland's Baroarbunga volcano, the Icelandic Met Office announced today (Aug. 23).

The small-scale eruption is taking place northeast of Barðarbunga, underneath the Dyngjujökull glacier. Scientists estimate 492 to 1,312 feet of ice (150 to 400 meters) covers the emerging lava, the Met Office said in a statement. Even though no one can see the eruption, seismic signals indicate that ice is flashing into steam. This suggests lava has broken through to the surface, beneath the glacier.

The surface of Dyngjujokull glacier looked undisturbed during a survey flight today by the Iceland Coast Guard. There was no visible ash or melting ice, or cracks or sinkholes from the subglacial melting, the Met Office said. Radar and webcams also show no changes at Dyngjujokull soon after the eruption started at 2:10 p.m. local time (10:10 a.m. ET). [Gallery: Iceland's Booming Baroarbunga Volcano]

PHOTOS:New Japanese Island Forming In Pacific Ocean

All of Iceland's airports remain open, though the airspace over the eruption site is closed. Baroarbunga is now on red alert, the highest on the country's five-grade aviation alert scale.

The eruption is being closely monitored for ash. At present time, officials do not expect a repeat of 2010, when the Eyjafjallajökull volcano grounded all flights in Europe. Aviation rules were changed after the shutdown. For example, in 2011, Iceland's Grímsvötn volcano blasted through ice in southeast Iceland (not far from Baroarbunga) and blew ash 12 miles (20 km) high, yet only 1 percent of Europe's flights were cancelled.

A more immediate threat is the glacial meltwater. Earlier this week, officials closed roads and evacuated tourists north of Baroarbunga. While the remote area is sparsely settled, the melting glacier could flood popular tourist sites and Iceland's main road.

Icelandic officials are monitoring the volcano with a dense network of earthquake sensors, radar and GPS stations. They're also watching water levels in the Jökulsá á Fjöllum river, the outlet for glacial meltwater. There are also three webcams. There are also three webcams. You can watch them here and here.

Game: Volcano Explorer

The equipment was set out after an intense earthquake swarm began Aug. 16, signaling magma rising underground. Since the swarm started, thousands of earthquakes rattled the volcano each day, with the center of earthquake activity slowly moving northeast through the week. The pattern suggests the magma was forming a long, thin sheet called a dyke.

This article will be updated if significant additional information becomes available.

Original article on Live Science.

  • Iceland Volcano's Fiery Sunsets

  • Fire and Ice: Images of Volcano-Ice Encounters

  • Images: Grimsvotn Volcano Puts on Lightning Show

Copyright 2014 LiveScience, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.