Panozero (Russian: Панозеро; Karelian: Puanajärvi[3]) is a rural locality (a settlement) in Kemsky District of the Republic of Karelia, located along the Kem River.

The plans to build the Valkiala hydroelectric power plant would destroy the village under a huge water reservoir.

Due to its endangered status the village has received restoration funds from the Samuel Henry Kress foundation.

Juvelius brought some Stone Age objects found in the village to the collections in the Finnish National Museum in Helsinki.

According to some historical sources the coast of the White Sea was occupied by Karelians as early as the ninth century A. D. Before that time the area was inhabited by Sami.