Lava is continuing to spurt from a volcano in south-western Iceland but the activity has calmed significantly since it erupted a day earlier.

The eruption on Wednesday was the fifth and most powerful since the volcanic system near Grindavik reawakened in December after 800 years, gushing record levels of lava as its fissure grew to 2.1 miles in length.

Volcanologist Dave McGarvie calculated that the amount of lava initially flowing from the crater could have buried Wembley Stadium in London, which seats 90,000 people, under 49ft of lava every minute.

“These jets of magma are reaching, like, 50 metres (165ft), into the atmosphere,” said Mr McGarvie, an honorary researcher at Lancaster University.

“That just immediately strikes me as a powerful eruption. And that was my first impression. Then some numbers came out, estimating how much was coming out per minute or per second, and it was, ‘wow’.”

The activity again threatened Grindavik, a coastal town of 3,800 people, and led to the evacuation of the popular Blue Lagoon geothermal spa, one of Iceland’s biggest tourist attractions.

Grindavik, which is about 30 miles south west of the capital Reykjavik, has been threatened since a series of earthquakes in November forced an evacuation before the initial December 18 eruption. A subsequent eruption consumed several buildings.

Iceland Volcano
The activity threatened Grindavik, a coastal town of 3,800 people (Marco di Marco/AP)

Protective barriers outside Grindavik deflected the lava on Wednesday but the evacuated town remained without electricity and two of the three roads into town were inundated with lava.

“I just like the situation quite well compared to how it looked at the beginning of the eruption yesterday,” Grindavik mayor Fannar Jónasson told national broadcaster RUV.

Mr McGarvie said the eruption was more powerful than the four that preceded it because the largest amount of magma had accumulated in a chamber underground before breaking the earth’s surface and shooting into the sky.

The rapid and powerful start of the eruption followed by it diminishing quickly several hours later is the pattern researchers have witnessed with this volcano, he added. It is unknown when the eruptions will end.

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The eruption on Wednesday was the fifth and most powerful since the volcanic system near Grindavik reawakened in December (Marco di Marco/AP)

“It could go on for quite some considerable time,” Mr McGarvie said. “We’re really in new territory here because eruptions like this have never been witnessed… in this part of Iceland.”

Iceland, which sits above a volcanic hot spot in the North Atlantic, sees regular eruptions. The most disruptive in recent times was the 2010 eruption of the Eyjafjallajokull volcano, which spewed huge clouds of ash into the atmosphere and led to widespread air space closures over Europe.

None of the current cycle of eruptions has had an impact on aviation.