The Icelandic Meteorological Office (IMO) reported that the seismic swarm that began at Bárdarbunga on 14 January in the NW part of the caldera did not escalate further. Only two earthquakes were recorded during 15-16 January, with magnitudes of 2.4 and 1.6, on each day respectively. At 1605 on 16 January the Aviation Color Code was lowered back to Green (the lowest color on a four-color scale).

Geological Summary. The large central volcano of Bárðarbunga lies beneath the NW part of the Vatnajökull icecap, NW of Grímsvötn volcano, and contains a subglacial 700-m-deep caldera. Related fissure systems include the Veidivötn and Trollagigar fissures, which extend about 100 km SW to near Torfajökull volcano and 50 km NE to near Askja volcano, respectively. Voluminous fissure eruptions, including one at Thjorsarhraun, which produced the largest known Holocene lava flow on Earth with a volume of more than 21 km3, have occurred throughout the Holocene into historical time from the Veidivötn fissure system. The last major eruption of Veidivötn, in 1477, also produced a large tephra deposit. The subglacial Loki-Fögrufjöll volcanic system to the SW is also part of the Bárðarbunga volcanic system and contains two subglacial ridges extending from the largely subglacial Hamarinn central volcano; the Loki ridge trends to the NE and the Fögrufjöll ridge to the SW. Jökulhlaups (glacier-outburst floods) from eruptions at Bárðarbunga potentially affect drainages in all directions.

Source: Icelandic Meteorological Office (IMO)