Magnetic tomography method has been widely used for nondestructive external inspection of buried and submarine pipelines, which is based on the principle of metal magnetic memory to discern the danger level and location of the stress concentration zone by measuring the anomalies in the spatial magnetic field distribution outside the pipeline. The distribution characteristics and spatial propagation law of pipeline inspection signal detected by magnetic tomography method, the energy distribution and change law of spatial magnetic memory signal in the stress concentration zone of magnetized pipelines are studied in this paper. The magnetic dipole field is used to establish the magnetic field model in the stress concentration zone of the inner wall of the pipeline, and the magnetic energy and energy density of spatial magnetic memory signals under different lift?off values outside the pipeline are finite element calculated based on the magnetic energy theory to derive the distribution law of spatial magnetic field and the correlation of magnetic energy density of magnetic signals under different lift?off value is analyzed. The results show that the spatial magnetic field energy outside the pipe decays with the increase of lift?off value, and the decay is the fastest within the distance of 50 mm from the outer wall of the pipe to the physical force; the correlation of magnetic energy density of different lift?off values shows that the magnetic signal detected by magnetic tomography method outside the pipe is homologous with the signal in the stress concentration zone of the inner wall of the pipe. Theoretically, it explains the effectiveness of magnetic tomography method and also provides evaluation indexes for extracting effective signals from the detection data.