That sounds like the description of Acetylene to me with the exception of the liquid bit.
The following is a lift from Wikipedia about Actylene....
Consequently, acetylene can explode with extreme violence if the absolute pressure of the gas exceeds about 200 kPa (29 psi). Most regulators and pressure gauges on equipment report gauge pressure and the safe limit for acetylene therefore is 101 kPagage or 15 psig.[19][20] It is therefore shipped and stored dissolved in acetone or dimethylformamide (DMF),[21] contained in a metal cylinder with a porous filling (Agamassan), which renders it safe to transport and use, given proper handling.
The site you linked to also goes on to say about Methanol... Methanol is also a high-octane, clean-burning fuel that is a potentially important substitute for gasoline in automotive vehicles.
How can Methanol be high Octane? It is a very simple molecule CH3OH whereas Octane is far more complex and much heavier CH3(CH2)6CH3 - simplified as C8H18
Methanol is an alcohol and Octane is a hydrocarbon.