The 9 a.m. local time (0800 GMT) explosion at Austria's largest import terminal for natural gas saw a surge in gas prices across Europe.
Several fire brigades are in attendance at the scene with a cause yet to be determined.
FNB said that Europe's diverse gas supply origins and storage facilities would allow some shifting of gas to other routes to help maintain internal supply security.
The facility has been shut down, Gas Connect spokesman Armin Teichert said.
"An explosion occurred at 8:45 AM, followed by a fire". He added that "technical problems" caused the explosion, and that there was "no indication of terrorism." .
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One person was seriously injured and 20 others slightly hurt in the morning blast at the plant in Baumgarten an der March, east of Vienna, police said.
The situation is now under control, according to the fire service, and extinguishing is now under way.
Baumgarten is an important hub for European gas transit.
Gas Connect Austria said the part of the site affected by the fire was only 100 metres (330 feet) by 100 metres at a site that covers 17 hectares (42 acres). Those pipelines supply Hungary, Slovenia and Croatia but also Baumgarten's biggest recipient, Italy.
Not long after the explosion, Italy's minister for economic development, Carlo Calenda, declared a state of emergency for energy supplies. "We might well see some competition between Europe and Asia to attract LNG (liquid natural gas, delivered by ship) this winter". Russia's Gazprom Export said it was working on redirecting gas flows and trying to secure uninterrupted supplies to clients.