Abstract: The pricing of most Chinese long-term agreement of LNG is linked to the Japan Crude Cocktail (JCC), and the domestic gate price is inversion in relation to imported price for a long time, the importer encountered serious losses.In the future, the global LNG supply will be sufficient, and China will become the largest country in global LNG import and natural gas consumption.It is necessary to promote the reform of LNG pricing mechanism during the low oil price fluctuated window, which can not only significantly reduce the economic losses caused by price inversion, but also improve Chinese LNG import pricing mechanism.This paper comprehensively analyzes the global LNG import pricing mechanism and four main influencing factors, puts forward three reform suggestions.Chinese oil companies should unite in LNG spot and long-term trade contract negotiations, and build Chinese natural gas pricing index based on establishing the trading center.Further expanding resource countries of LNG import, that can improve import bargaining power.Increasing the proportion of FOB contracts in newly signed LNG contracts, expanding the strategic alliance with Chinese LNG transportation companies.