Partial or full, they don't "chemically" explode, but they do decompress. That is one of the things Homeland hired me to work on...shooting tanks. Someone "thought" a sniper could shoot a tank in a rack (like in front of a big box store, gas station, etc.) and they would create a bomb. Proven that wrong, on film at Clear Creek Range many years ago. The FD (just up from the range) was on site and hid behind the pumper next to the outhouses while we shot Propane Tanks. There are methods, which I can not write on an open forum, but they are not "simple" and that satisfied Homelands fears. So, in essence, you can thank me that propane exchange racks are still legal, because they were going to ban them.
The "plan" to prevent a massive explosion at a large bulk facility due to a nefarious attack was more interesting, and more complicated. Our plan (which is really just common sense) was rejected by Homeland for two installations, and then after they noodled on it for 6 months, approved and implemented.