The invention discloses a novel double-gland high-pressure pipeline displacement compensator, which belongs to the technical field of heat distribution pipeline compensating device structures used in petroleum, chemical industry, light industry, heating power, metallurgy and other industries. The compensator comprises an inner tube, a follower flange, an outer sleeve, a reducing extension pipe, asealing filler, an outer sleeve internal bearing platform, an inner tube convex outer ring, a composite sealing ring, a reducing tube bearing platform and the like, wherein the inner tube convex outer ring is integrally arranged on the inner tube; one end of the inner tube is inserted into the outer sleeve; the inner tube convex outer ring is positioned between the outer sleeve internal bearing platform and the reducing tube bearing platform; the composite sealing ring is pressed against between the inner tube convex outer ring and the reducing tube bearing platform; and a convex end face of the outer sleeve internal bearing platform is pressed against the other end of the inner tube so as to press the sealing filler of the follower flange. By the structure, the novel double-gland high-pressure pipeline displacement compensator has the characteristics of high precision, lower friction coefficient, smaller torque, lower pressure loss, higher bending resistance and bearing capacity, unlimited medium flow direction, reliable sealing, high performance and convenience of pipeline maintenance.