How to improve the utilization efficiency of natural gas and achieve the goal of carbon reduction has gradually become the focus of people’s attention. The exhaust temperature of the condensing gas boiler is between 50℃ and 80℃, which still contains some heat that is not used, so it is necessary to recover this part of the heat. This paper mainly studies the total heat recovery and utilization of waste heat from low-temperature flue gas of condensing gas boiler. In the research field of gas boiler flue gas waste heat recovery, the use of gas compression heat pump to recover gas boiler flue gas waste heat is still very few. Based on the principle of reducing the cold source temperature, a low-temperature flue gas recovery scheme of a gas engine-driven compression heat pump coupled condensing gas boiler is proposed. The low-temperature chilled water produced by gas engine-driven compression heat pump is used to recover flue gas waste heat from condensing gas boiler and gas engine, which can improve the utilization efficiency of natural gas and eliminate the “white smoke phenomenon” simultaneously. In addition, the waste heat of flue gas is used as the low-temperature heat source of gas engine-driven compression heat pump to ensure the stable operation of the heat pump in the low-temperature environment. The flue gas waste heat recovery technology has been improved compared with other flue gas waste heat recovery technologies in terms of primary energy utilization efficiency, system stability, corrosion resistance of flue gas heat exchangers, and investment recovery cycle. The experimental results show that when the water inlet temperature of the flue gas heat exchanger is 15℃, the overall power of the unit can reach 645 kW, and the final exhaust temperature is below 25℃. The overall primary energy utilization rate of the GEHP&CB can reach 110 %, which is 10 %∼20 % higher than that of the condensing gas boiler. The payback period of the increased initial investment is 1.4 heating seasons. Due to the improvement of natural gas utilization efficiency significantly reduces natural gas consumption and pollutant discharge.