The invention discloses a novel double-gland precision type pipeline compensator, and belongs to the technical field of structures of thermal pipeline compensation devices. The novel double-gland precision type pipeline compensator comprises a core pipe, a sealing pressure sleeve flange, a variable-diameter nozzle, a gland flange, an outer sleeve pipe flange, an outer sleeve pipe, and the like, wherein the inner end of the core pipe is oppositely propped against a variable-diameter end of the variable-diameter nozzle; the gland flange, the sealing pressure sleeve flange and the outer sleeve pipe are annularly sleeved on the outer annular surface of the core pipe in sequence; and the sealing pressure sleeve flange is positioned between the gland flange and the outer sleeve pipe. By adopting the structure, the novel double-gland precision type pipeline compensator has the advantages of non-limit on the flow direction of media, high coaxial precision, smaller friction coefficient, smaller personal torque, higher bending resistant ability, higher pressure bearing ability, more excellent sealing performance, longer service life and safer and more reliable pipeline operation, and has a feasible emergency plan structure.