The invention discloses an apparatus for preparing synthetic gas with adjustable H2 / CO proportion by methane-rich gas and a method thereof. The apparatus comprises a fuel reactor, an air reactor, a first cyclone separator, a second cyclone separator, a material returning valve 1, a material returning valve 2 and a material returning valve 3; a bubbling fluidized bed is arranged at bottom of the fuel reactor, a lifting pipe is arranged at upper part of the fuel reactor; the bubbling fluidized bed is connected to the air reactor through the material returning valve 1, the upper part of the air reactor is connected to the first cyclone separator, a blanking tube of the first cyclone separator is connected to the lifting pipe through the material turning valve 2, the upper part of the lifting pipe is connected to the second cyclone separator, and the blanking tube of the second cyclone separator is connected to the lower part of the bubbling fluidized bed through the material turning valve 3. By adjusting the circulation volume of oxygen carrier and stay time in the bubbling fluidized bed, the reduction depth of the oxygen carrier in the bubbling fluidized bed can be controlled, proportion of H2 / CO at a synthetic gas outlet can be adjusted, subsequent synthesis technology is convenient, CO2 can be instantly separated and captured, and separating step can be avoided.