Woodside Energy Group, Australia's top independent natural gas producer, sees liquefied natural gas (LNG) prices staying high for a few years as the market adjusts to supply disruptions after sanctions on Russia for its Ukraine invasion. "With the invasion, we are seeing the world try to move away from Russian hydrocarbons and that means that demand for LNG from places like Australia is up," Woodside Chief Executive Meg O'Neill said. "We do expect ... prices to remain elevated for the next year, perhaps next few years as the world tries to rebalance gas in supply and demand," she told reporters on the sidelines of the World Gas Conference. The global LNG market was already tight before the invasion because of underinvestment in the past five years, O'Neill said. "We took an investment decision last year on our Scarborough project, but those volumes aren't going to come into the market until 2026 so there is a period that I think things will continue to be tight."