Panega Glacier (Lednik Panega \'led-nik 'pa-ne-ga\) 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 3.7 km in the southeast-northwest direction, and 3 km in the southwest-northeast direction.