The invention provides the application of raney nickel as a slurry reactor to synthesize a methane catalyst, including: adding a raney nickel catalyst dispersed in an inert liquid medium to a reactor for a methanation reaction, feeding product gas and raw material gas to a separator, discharging a liquid phase component I composed of the liquid phase component and the catalyst component in the product gas from the bottom of the separator I, discharging gas phase I from the top of the separator, discharging a part of the inert liquid medium containing the catalyst from the middle of the reactor into a separator II, discharging gas phase II from the top of the separator II, mixing the gas phase II with the gas phase I to get a natural gas product, discharging the inert liquid medium of the catalyst from the bottom of the separator II to mix with the liquid phase component I to get a mixture, and feeding the mixture and the fresh methanation catalyst dispersed in the inert liquid medium together into the reactor for the methanation reaction. The application has the advantages that the raney nickel catalyst does not need reduction, has high mechanical strength and good wear resistance, and can satisfy the requirement of slurry reactor methanation process for low temperature activity.