Abstract: With the development of natural gas industry, the market progress speeds up continuously, global supply and demand of natural gas increase sustainably and the overall supply-demand pattern changes greatly. LNG is advantageous with safe storage and convenient transportation, and it further facilitates the development of global natural gas trading. In this paper, the status and prospect of global natural gas and LNG supply and demand were analyzed, and the development direction of global natural gas market was summarized. Then, combined with the development status of domestic natural gas industry, the basic idea that China shall speed up the overall market development and the related industry construction was put forward to provide the long-term mechanism for national energy supply security.