Panega Glacier (Bulgarian: ледник Панега, romanized: lednik Panega, IPA: [ˈlɛdnik ˈpanɛɡɐ]) on Varna Peninsula, Livingston Island in the South Shetland Islands, Antarctica is situated southeast of the northeastern portion of Saedinenie Snowfield, south of Rose Valley Glacier, southwest of Debelt Glacier and north of lower Kaliakra Glacier.

It drains the southeast slopes of Vidin Heights and flows into Moon Bay between Helis Nunatak and Perperek Knoll.

The glacier extends 2 nautical miles (3.7 km; 2.3 mi) in the southeast–northwest direction, and 1.6 nautical miles (3.0 km; 1.8 mi) in the southwest–northeast direction.

It is named after Zlatna Panega River in northern Bulgaria.

The glacier is centred at 62°32′25″S 60°06′49″W / 62.54028°S 60.11361°W / -62.54028; -60.11361 (Bulgarian topographic survey Tangra 2004/05 and mapping in 2005 and 2009).