Since the Ukraine crisis, the global natural gas market has undergone profound adjustments, with high prices and shortages becoming the key words. While the global natural gas is in short supply and the gas price is soaring, the LNG (Liquefied Natural Gas) shipping market has also experienced a shortage of transportation capacity and a sharp increase in freight rates. However, as affected by the shortage in supply in the natural gas market and high prices, the security of natural gas supply has received key attention, the volume of long-term LNG supply contracts has increased significantly, and a new round of investment boom has emerged, laying the foundation for the adjustment of the trade pattern. Looking ahead, the increase in investment will help the natural gas market emerging from shortages emerging and prices will gradually fall, which in turn will drive consumption growth. So the decline in gas consumption in Europe will not affect the general trend of steady global consumption growth; natural gas trade flow will be further adjusted, with the U. S. and Asia-Pacific gaining influence; increasing LNG trade flexibility remains a long-term trend. For a national perspective, it is a good time to seize the opportunities of reform and strive to enhance its influence on the international natural gas market; As far as the company is concerned, it is necessary to grasp the price fluctuation cycle, avoid signing high price long-term agreements, and proactively build a global LNG resource pool.