For the first time, and in spite of Australia’s position as one of the world’s biggest gas exporters, the country is preparing to do something that was once unthinkable.
It is on the cusp of becoming a gas importer.
So how did one of the world’s biggest gas players become so vulnerable to shortages?
Was it corporate greed? Mismanagement? Or is the country simply running out of the stuff?
What’s the solution? Should we keep more for ourselves? Build new pipes?
The answers, like so much to do with energy, are messy and complicated.
ABC Energy reporter Daniel Mercer reports.
00:00 Intro
01:56 How gas is traded
02:34 Global gas contracts
03:59 Global gas price shocks
04:59 East coast gas demand
06:46 Can Queensland fill the gab?
07:44 What’s the solution?
08:00 Why don’t we keep more gas?
09:07 Why don’t we drill more?
10:10 Gas imports
#ClimateReportingTeam
Subscribe: https://ab.co/3yqPOZ5 Read more here:
Welcome to ABC News In-depth, where you’ll find our long-form journalism and other videos to help you understand what’s going on in the world around you.
Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1
For more from ABC News, click here: https://ab.co/2kxYCZY
Get breaking news and livestreams from our ABC News channel: https://www.youtube.com/user/NewsOnABC
Like ABC News on Facebook: http://facebook.com/abcnews.au
Follow ABC News on Instagram: http://instagram.com/abcnews_au
Follow ABC News on Twitter: http://twitter.com/abcnews
Note: In most cases, our captions are auto-generated.
#ABCNewsIndepth #ABCNewsAustralia
