Analysts say gas prices are about to crash. India still can't afford to celebrate

India just found natural gas off the Andaman coast. The energy minister called it "an ocean of energy opportunities." Considering India's energy vulnerabilities, this is a significant find, even if commercial production is a decade away.Because in the meantime, the war on Iran has doubled LNG prices, cut off Qatar (which supplied nearly half of India's imports) and pushed India into buying six times more American gas than it was before the conflict began. The US has already used energy as a bargaining chip in the tariff standoff last year, putting India again in a tough spot.But now analysts are predicting a global LNG glut. And while cheaper imports do sound like relief, they might just be another trap.Read Blas's piece here.Read Anand's piece for The Ken here.Daybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.