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If security ministers approve the move, Israel would not have to agree terms with Palestinian militant group Hamas.
The news comes after Israel and the US signed a deal to halt the smuggling of arms into Gaza - a key Israeli demand.
http://news.bbc.co.uk/2/hi/middle_east/7834255.stm
Israel is asking for a number of guarantees from the Americans:
A U.S. declaration calling on the international community to deal with the smuggling of arms from Iran to terrorist groups in the Gaza Strip.
Intelligence cooperation between Israel and the U.S. for identifying the sources of weapons, with focus on the network linking Iran, the Persian Gulf and Sudan.
An international maritime effort along the smuggling routes to find ships carrying weapons to the Gaza Strip, possibly with the involvement of NATO.
An American and European commitment for the transfer of technologies to Egypt that will help it uncover tunnels.
Plans for the economic development of Rafah, with particular emphasis on the Bedouin to undercut the financial motivation for building and operating tunnels.
http://www.haaretz.com/hasen/spages/1055592.html