"Our goal is to forge a secure and durable peace between Israel and the Palestinians. We do not seek a brief interlude between two wars. We do not seek a temporary respite between outbursts of terror," Netanyahu was to say, according to the excerpts released by Israeli officials to journalists.
"We seek a peace that will end the conflict between us once and for all. We seek a peace that will last for generations. This is the peace my people want, this is the peace we all deserve."
The Israeli leader met early Wednesday with US President Barack Obama as Washington makes a bold bid to resume direct Israeli-Palestinian talks for the first time in 20 months.
Netanyahu, Abbas as well as Jordan's King Abdullah II and Egyptian President Hosni Mubarak were later to take part in a White House dinner hosted by Obama, who was also meeting the regional power brokers for one-to-one sessions.
The Israeli prime minister also paid tribute to Abbas.
"Every peace begins with leaders. President Abbas, you are my partner in peace. It is up to us to live next to one another and with one another," Netanyahu was to say.
All five leaders were due to stand together at a potentially awkward White House appearance to make individual statements, before retiring for the dinner also featuring Quartet diplomatic representative Tony Blair.
Netanyahu was also to say that "peace must also be defended against it's enemies. We want the skyline of the West BBank to be dominated by apartment towers, not missiles. We want the roads of the West Bank to flow with commerce, not terrorists.
"We left Lebanon, we got terror. We left Gaza, we got terror. We want to ensure that territory we concede will not be turned into a third Iranian-sponsored terror enclave aimed at the heart of Israel."
"That is why a defensible peace requires security arrangements that can withstand the test of time and the many challenges that are sure to confront us."
The White House said the day of intense presidential engagement was meant to build trust ahead of direct US-engineered Israel-Palestinian talks due to be hosted by Clinton on Thursday.
It insists that a "window of opportunity" has opened up to forge a two-state solution in the Middle East, at a time when Iran's growing influence is threatening to reset the regional political map.
The issues on the table at the US-mediated talks -- the status of Jerusalem, security, the borders of a Palestinian state and the right of return for Palestinian refugees have confounded all previous mediation attempts.
----------------------------------------------------------------