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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 gap? 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: / newsonabc Like ABC News on Facebook: / abcnews.au Follow ABC News on Instagram: / abcnews_au Follow ABC News on Twitter: / abcnews Note: In most cases, our captions are auto-generated. #ABCNewsIndepth #ABCNewsAustralia