Apparently the perps left one of the propane cylinders cracked open. Probably to ensure ignition.
Propane has the same refrigerating properties as 'Freon' R-12 and would get very cold as the liquid boiled off.
In the humid London air clouds of vapor would have ensued.
This could have resulted in a hyperbaric type bomb, crushing anything near it.
http://news.sky.com/skynews/article/0,,70131-1272910,00.html
Sources say police believe the bomb was to be detonated by a mobile phone trigger.